According to the monitoring data of business society, as of December 22, the average ex factory price of domestic industrial propylene glycol was 17200 yuan / ton, Compared with the price on December 1 (the reference price of propylene glycol was 17933 yuan / ton), the average price was reduced by 733 yuan / ton, down 4.09%. On December 22, the commodity index of propylene glycol was 221.79, the same as yesterday, down 28.91% from the highest point 311.97 in the cycle (2021-10-27), and up 121.79% from the lowest point 100.00 on September 2, 2020. (Note: the cycle refers to 2020-09-01 to now)

It can be seen from the data monitoring chart of the business society that in early December, the domestic propylene glycol market first fell and then rose. Dragged down by the insufficient demand of the downstream, the downstream digested more raw materials in the early stage. There was a strong wait-and-see atmosphere on the site, and the increase of new orders was slow. The quotation of propylene glycol factory was continuously reduced since the first day of the month. Until December 9, the transaction focus of domestic propylene glycol fell below 17000 yuan / ton, According to the monitoring data of business agency, the average price was 16800 yuan / ton, with a decrease of 6.32% in nine days. After the propylene glycol price fell to the low point, the on-site transaction improved. In addition, due to the temporary shutdown of propylene glycol units in Zhejiang, the on-site supply decreased, and the supply side gave propylene glycol support. On December 10, the market price of propylene glycol stopped falling and warmed up, and the offer price of propylene glycol factory began to rise steadily. As of December 15, the ex factory price of domestic propylene glycol rose to 17400-18000 yuan / ton, The average price is 17616 yuan / ton. After six consecutive days of price correction, propylene glycol fell by 1.77% in half a month compared with the beginning of the month.

In late December, the rising power of domestic propylene glycol market was weak, the market of raw material propylene oxide was weak, and the cost support for propylene glycol was loose. Since December 15, the domestic propylene glycol market has been waiting and finishing operation as a whole. The factory’s offer was stable and the center of gravity operated smoothly. However, after the rise of propylene glycol, the downstream market bought gas generally and just needed to be digested, In addition, due to the improved operation of propylene glycol units in Zhejiang and the expected increase in on-site supply, the confidence of propylene glycol industry was affected. After the 21st, domestic propylene glycol factories reduced the ex factory price of propylene glycol by 200-500 yuan / ton. As of the 23rd, the average ex factory price of domestic propylene glycol was 17200 yuan / ton, a decrease of 4.09% in the month compared with the beginning of the month.

In terms of upstream propylene oxide, the market price of propylene oxide has been stable recently. Recently, the price of raw material propylene is mainly stable, with little impact on the cost. On the 16th, the market is temporarily stable and wait-and-see, the factory shipment has improved, and the inventory is gradually digested, but the downstream follow-up is relatively general, and the market continues to be stable and wait-and-see. At the beginning of this week, the factory inventory pressure is temporarily small, the market atmosphere is flat, the downstream purchases on demand, the cautious wait-and-see mood is strong, and the price operates stably, On the 21st, the mainstream quotation of propylene oxide Market in Shandong was around 12950-13100 yuan / ton. According to the monitoring data of business agency, as of December 23, the average price of propylene oxide enterprises was 12900.00 yuan / ton, a decrease of 11.64% compared with the price on December 1 at the beginning of the month (the reference average price of propylene oxide was 14600 yuan / ton).

Future trend analysis

At present, the trading atmosphere in the propylene glycol field is good. The propylene glycol factory has received orders smoothly in the past two days, and the downstream demand side support is OK. Therefore, the propylene glycol datagrapher of the business society believes that the propylene glycol market may continue to rise slightly in the short term, and more attention needs to be paid to the news changes on the supply and demand side.