According to the monitoring data of the business community, as of December 9, 2022, the market price reference of domestic industrial propylene glycol was 7666 yuan/ton, and on December 5 (the reference price of propylene glycol was 7766 yuan/ton), the price decreased by 100 yuan/ton, or 1.29%.
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It can be seen from the data monitoring chart of the business community that this week (12.05-12.09), the overall weakness of the domestic propylene glycol market fell. In this week, the trading atmosphere of propylene glycol in the market was relatively light as a whole, and the market price decline in the week was about 100-200 yuan/ton. On December 9, the domestic propylene glycol market price was around 7400-7800 yuan/ton. The main factors of market trend are as follows:
Supply: In December, a new propylene glycol unit was put into production, the overall supply of the site was increased, the wait-and-see mentality was increased, and the buying atmosphere was light.
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On the demand side, the UPR plant downstream of propylene glycol started generally, and the demand side follow-up was limited. Therefore, the demand side gave propylene glycol a weak support.
Future trend analysis
At present, the transaction of propylene glycol new orders is average. Most downstream companies need to purchase propylene glycol. Although the demand is insufficient, the propylene glycol market price has been relatively low, and the risk of a sharp decline in the market is small. In addition, the macro benefits are gradually released, and there may be a stock plan for downstream companies before the year. Therefore, the propylene glycol data engineer of the business community believes that in the short term, the domestic propylene glycol market will be mainly stable, organized and operated, More attention should be paid to the information changes on the supply and demand side.
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