According to monitoring data from Business Society, as of April 15, 2024, the reference market price for domestically produced industrial grade propylene glycol was 7666 yuan/ton. Compared with April 9 (reference price for propylene glycol was 7700 yuan/ton), the price decreased by 34 yuan/ton, a decrease of 0.43%. Compared to April 1st (reference price of propylene glycol at 7733 yuan/ton), the price has been reduced by 70 yuan/ton, a decrease of 0.86%.
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From the data monitoring system of the Business Society, it can be seen that by mid month, the overall domestic propylene glycol market has once again experienced a slight decline. Some propylene glycol factories in Shandong region have slightly lowered the ex factory price of propylene glycol under pressure, with a reduction of about 50-100 yuan/ton, while other factories mainly maintain stable prices in multiple dimensions. On April 15th, the domestic propylene glycol market price was around 7500-7800 yuan/ton.
Analysis of influencing factors
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At present, the overall supply and demand of propylene glycol in the field are slow. Firstly, in terms of demand, the downstream demand side of propylene glycol has shown poor performance, and the downstream demand market is generally weak and weak, providing sustained insufficient support for propylene glycol demand. Secondly, in terms of supply, currently, some propylene glycol factories are facing difficulties in reducing supply pressure, and the supply side is also unable to provide effective support to the market.
Future analysis
At present, the trading atmosphere of propylene glycol on the exchange is light, and the mentality of the operators is average. The wait-and-see attitude on the exchange is strong, and some operators have certain concerns about the future market. The propylene glycol data analyst of Shengyi Society believes that in the short term, the domestic propylene glycol market will mostly be weak and adjust its operation. The specific trend still needs to pay more attention to changes in supply and demand news.
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