According to the monitoring data of the business community, as of November 15, 2022, the market price reference of domestic industrial propylene glycol was 8100 yuan/ton, and on November 1 (the reference price of propylene glycol was 8250 yuan/ton), the price decreased by 150 yuan/ton, or 1.82%. On November 15, the domestic propylene glycol market price was around 7900-8200 yuan/ton.
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It can be seen from the data monitoring chart of the business community that in the near future (11.7-11.15), the domestic propylene glycol market as a whole has shown a weak decline. At present, propylene glycol market is generally supported effectively, which can be seen from the following two aspects:
1、 On the supply side, due to the limited turnover of new orders recently, propylene glycol gradually accumulates in the market, the pressure on the supply side increases, the supply and demand transmission is slow, and the supply side provides weak support to the propylene glycol market.
2、 In terms of demand, at present, the downstream demand of propylene glycol is more rigid and needs to be followed up. Replenishment and stocking are relatively cautious. The overall transaction of propylene glycol market is flat. Under the insufficient demand boost, some factories have slightly lowered the price of propylene glycol recently, by 100-200 yuan/ton.
Future trend analysis
At present, the overall supply and demand performance of propylene glycol field is weak. It is said that in the fourth quarter, the number of propylene glycol field devices may increase. With the increase of supply, the downstream wait-and-see mood may continue to be difficult to dispel, and the purchase will continue to be cautious. The propylene glycol data engineer of the business community believes that in the short term, the domestic propylene glycol market is weak, and the operation is mainly adjusted. More attention should be paid to the information changes on the supply and demand side.
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