According to the monitoring data of the business community, as of October 9, 2022, the average ex factory price of domestic industrial propylene glycol was 8966 yuan/ton, and as of September 30 (the reference price of propylene glycol was 9566 yuan/ton), the price decreased by 600 yuan/ton, or 6.27%.

It can be seen from the data monitoring chart of the business community that the domestic propylene glycol market is weak and running downward after returning from the National Day holiday in October. After the festival, the downstream purchasing enthusiasm was average, and the wait-and-see mood was strong. Although the raw material propylene oxide market was still operating at a high level, the overall pressure of propylene glycol shipment was constrained by the demand after the festival, and the market was not motivated to maintain a high level. On the 8th and 9th after the festival, the propylene glycol market price was adjusted downward as a whole, and it was reduced by 400-700 yuan/ton in two days. As of October 9, the domestic propylene glycol market price was near 8800-9000 yuan/ton. At present, the overall trading and investment atmosphere of propylene glycol market is general, and the actual order is mainly negotiated.

On the upstream epoxy propane side, the overall epoxy propane market rose slightly in September. In October, the propylene oxide market was weak and slightly volatile after the festival. According to the data monitoring of the business community, the reference price of propylene oxide was 9766 yuan/ton on October 9, a decrease of 3.20% compared with October 1.

Future trend analysis

At present, it is said that the domestic production capacity of propylene glycol may be adjusted in October. People in the industry pay more attention to the 80000 t/a capacity plant planned to be put into production at the end of October in Jiangsu Lianyungang Haikesipai. At present, the domestic comprehensive capacity is about 572000 tons/year. If it is put into production as scheduled, it will reach 652000 tons/year capacity by the end of this month. The supply side is still relatively adequate. For the future market, the downstream is still wait-and-see attitude, and the procurement is more cautious. Therefore, the propylene glycol data engineer of the business community believes that in the short term, the domestic propylene glycol market will be dominated by weak operation, and more attention should be paid to the information changes on the supply and demand side.

Price trend

According to the data from the bulk list of business associations, the domestic vitamin market fell in different ways in September, and the prices of some products further bottomed out, among which the prices of vitamin A and vitamin C fell further, while the prices of vitamin E rose slightly.

According to the price monitoring of the business community, the price of vitamin C continued to fall in September, the factory continued to stop reporting, the traders’ prices followed the market, and the downstream purchase was insufficient. By the end of the month, the mainstream price of feed grade vitamin C was 22-25 yuan/kg.

In September, the price of vitamin A continued to decline, with an average price of 122 yuan/kg at the beginning of the month and 116 yuan/kg at the end of the month, down 4.9%. The current mainstream market quotation is 112-118 yuan/kg, while the European market quotation drops to 35-44 euros/kg. The maintenance of domestic factories has not yet resumed production, the tightening of supply has not brought about a turnaround to the market, and the falling prices have led to the lack of confidence of the industry, limited market inquiries, few deals, and mainly the completion of incoming customer orders.

In September, the price of vitamin E rose step by step, with an average price of 82.67 yuan/kg at the beginning of the month and 83.33 yuan/kg at the end of the month, up 0.8%. The current VE market quotation is 82-85 yuan/kg, and the European market quotation is 9-9.5 euros/kg. The tight supply of natural gas and electricity in Germany has led to the firm price. The domestic market said that the new Hecheng and Tianxin VE products have been stopped reporting, and the market attention has increased.

Future market forecast

According to the vitamin analyst from the Chemical Branch of the Business Cooperative, most vitamin products are still rebounding. It is expected that in October, the price of most vitamin products will fluctuate at a low level, paying close attention to market trends and changes in enterprise production.

According to the data monitored by the business community, as of September 30, the average price of PET water bottle manufacturers was 8310.00 yuan/ton. In September, the market price of PET was operating in a narrow range. The price fell by 7.25% for the whole month, with a range of about 600 yuan/ton. At present, the mainstream price range is 8000 yuan/ton. The market supply and demand are balanced, the supply side is normal, the operating rate is stable, and the downstream just needs to purchase.

In early September, as of September 7, the price of PET water bottle was narrow and weak, and the average price of PET in early September was 8800 yuan/ton. The overall market was narrow and weak, down 1.79% compared with the price on September 1. At present, the focus of negotiation is weak, the market shipment is average, and the logistics is smooth. As of September 2, the spot price of ethylene glycol in East China market was 3970 yuan/ton, down 17.5 yuan/ton compared with the previous trading day, and down 1.5 yuan/ton compared with last week, The spot price of ethylene glycol in the South China market was 4137.5 yuan/ton, which was flat compared with the previous trading day and 5 yuan/ton higher than last week.

In the middle of September, as of September 19, the price of PET water bottle grade PET in this week was narrow and weak. At present, the average price was 8420 yuan/ton, down 4.32% compared with the price in the same period last week. The overall market was narrow and weak. At present, the focus of negotiations is weak, the market shipments are average, and the logistics are smooth. As of September 13, the closing price of upstream ethylene glycol in Asian market CFR China was 530 dollars/ton, up 5 dollars/ton from the previous trading day, It rose by 6.9 dollars/ton compared with last week.

In late September, as of September 27, the price of PET water bottle was narrow and weak. At present, the average price is 8310 yuan/ton, which is 0.95% lower than that of the same period last week. The overall market is narrow and weak. At present, the focus of negotiations is low, the market shipments are general, the logistics are smooth, the operating rate is stable, and the domestic PET price is narrow and weak, which has been slightly lower than that of the same period last week. At present, the market operating rate is normal, and the manufacturers mainly give away profits and take orders, The shipment is positive, the logistics is smooth, the supply side is normal, the overall market transaction atmosphere is general, the negotiation atmosphere is fair, and the downstream readiness is general. At present, the mainstream price is about 8300 yuan/ton, and the operation is weak with a small decline. The latest quotations of the enterprise are: Jiashan Molai Trade Co., Ltd. 8350 yuan/ton, Shanghai Hongqi Plastic Technology Co., Ltd. 8500 yuan/ton, and Shanghai Quyi Industry Co., Ltd. 8050 yuan/ton.

Rubber and plastic commodity index: On September 29, the rubber and plastic index was 705 points, up 2 points from yesterday, down 33.49% from the highest point in the cycle 1060 (March 14, 2012), and up 33.52% from the lowest point 528 on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

PET analysts from the business community believe that the PET market is expected to operate stably in October, with a narrow range and a weak range. The mainstream price range will remain around 8000-8100 yuan/ton.

1、 Price trend

According to the data of the bulk list of business cooperatives, the domestic propylene (Shandong) market changed from a weak one in September, and the price rose all the way. The market was at 7100 yuan/ton at the beginning of September, and the average price at the end of the month was 7620 yuan/ton, with a monthly decline of 7.32%,

2、 Analysis and review

According to the price chart of the business community, the mainstream price of propylene (Shandong) market was 7600-7700 yuan/ton as of the press release, the contradiction between supply and demand in the market was weakened, and the price of propylene stopped falling and rising. The supply and demand pressure in the northern market has eased, the downstream demand market has recovered, and the profitability of a variety of downstream derivatives has increased, which has boosted the start of construction and boosted the focus of the propylene market. In order to stabilize the price, the price adjustment is mainly small and frequent, and the downstream acceptance is acceptable, providing support for the price rise.

The industrial chain of propylene industry is mainly rising. On the cost side, crude oil shocks and declines. The prices of propane, naphtha and liquefied gas all fall to varying degrees. Although methanol is unique in cost, the propylene industry is still in a loss state. The negative impact of weakening support on propylene prices is relatively weakened. Demand side: Most downstream derivatives prices rose this month, with some rising by more than 10%. The overall downstream improved significantly, which played a great supporting role in propylene prices. However, the polypropylene market is relatively general. As the main downstream of propylene, the polypropylene market is weak, limiting the rise of propylene to a certain extent.

3、 Future market forecast

According to the propylene analysts from the Chemical Branch of Business Cooperative, the production and sales of propylene industry will increase in October. The release of new propylene capacity will be accompanied by the production of new downstream capacity. It is expected that the short-term market of propylene will continue to rise.