According to the monitoring data of business society, as of August 31, the average ex factory price of domestic industrial grade propylene glycol was 17288 yuan / ton. Compared with August 1 (the reference price of propylene glycol was 16600 yuan / ton), the average price increased by 688 yuan / ton, or 4.12%.

In the middle and early August, the domestic propylene glycol market rose steadily. The rise of propylene glycol price was mainly supported by cost and unit. In terms of cost, in terms of cost, the recent upward trend of raw material propylene oxide gave propylene glycol cost support. In terms of devices, at the beginning of this month, the devices of Shandong propylene glycol plant were started and stopped, the overall operating rate was low, the supply pressure of propylene glycol plant was small, and the spot inventory was low. As of the 16th, the ex factory quotation of propylene glycol in Shandong was around 16900-17800 yuan / ton, and the average price was 17466 yuan / ton. Compared with the beginning of August, the average price increased by 866 yuan / ton, an increase of 5.22% in half a month.

In late August, a few days after the high-level operation of the propylene glycol market, the market trading atmosphere was flat. Most of the downstream companies needed to purchase, and the wait-and-see mood increased from high prices to the downstream. In addition, some plant units resumed operation, and the supply of propylene glycol in the site increased. Since the 19th, the price of propylene glycol in some factories decreased by 200-300 yuan / ton, The ex factory quotation of propylene glycol in Shandong decreased to around 16900-17400 yuan / ton. Subsequently, the transaction atmosphere in the propylene glycol market continued to be weak, and some factories with a high proportion of spot goods continued to accumulate stocks. On the 23rd, the sharp decline opened, and the middle and lower reaches remained cautious. Propylene glycol factories and cargo holders have sharply reduced the ex factory price of propylene glycol. As of the 25th, the ex factory price of domestic propylene glycol fell to around 16300-16800 yuan / ton, and then the market operated stably and weakly.

Until the 27th, the propylene glycol market rebounded. Due to the failure of propylene glycol units in Shaanxi, the supply of propylene glycol in the yard decreased. Under the low price, the enthusiasm of middle and downstream customers to take goods increased, the factory inventory decreased, and the propylene glycol price increased. On the 27th, the outgoing price of domestic propylene glycol returned from 17000 yuan / ton, with a reference of 17000-17500 yuan / ton. On August 30, the price of propylene glycol continued to callback slightly. As of August 31, according to the monitoring data of business society, the reference average price of propylene glycol in China was 17288 yuan / ton, which was increased by 688 yuan / ton compared with the beginning of August, with a monthly increase of 4.12%.

In terms of upstream propylene oxide, the propylene oxide market first rose and then stabilized in the first half of August, with a half month increase of 4.45%. At the beginning of the month, the mainstream quotation of propylene oxide Market in Shandong was around 16300-16400 yuan / ton, the factory inventory decreased, the burden of some Po units decreased, the supply side was slightly tight, the supply side supported the manufacturers’ mentality of supporting the market, the middle and lower reaches were cautious and active in preparing goods, the enterprise quotation increased, the market trading rhythm slowed down, the price operated stably under the supply-demand game, mainly waiting and sorting, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 16500-16600 yuan / ton. With the improvement of downstream polyether orders, propylene oxide manufacturers had no pressure, the market transaction was active, the price rose slightly, the market digested and sorted again, and the price operated stably. In the second half of August, the market focus of propylene oxide continued to decline, and the market stabilized after a slight rebound at the end of the month. On the 16th, the mainstream quotation of propylene oxide Market in Shandong was around 16700-16800 yuan / ton. The factory inventory pressure was controllable, which supported the manufacturers’ strong market mentality. However, the downstream follow-up was general, and the market was temporarily consolidated. With the continuous downturn of new downstream polyether orders, the purchase price of propylene oxide was reduced, the supply-demand game weakened, the market was lowered, and the enterprises delivered goods at a profit in late August, Downstream just needed orders began to release. With the smooth decline of the market, the price stopped falling and increased slightly after stabilizing. Near the end of the month, the market was temporarily stable and waiting. In August, the propylene oxide market rose first and then fell. Near the end of the month, the market stopped falling and stabilized after a slight rebound. The overall trend fell slightly in August. According to the monitoring data of business society, as of August 31, the average price of propylene oxide enterprises was 16033.33 yuan / ton, down 1.64% compared with August 1 (the reference price of propylene oxide was 16300 yuan / ton).

Future trend analysis

At present, the domestic propylene glycol market is relatively stable, the downstream mostly maintains a cautious wait-and-see attitude, and the operation of Shandong factory is normal. The propylene glycol analyst of business society believes that in the short term, the propylene glycol market will focus on stable consolidation and operation, and the specific trend needs to pay more attention to the changes of supply and demand.