According to the monitoring data of Business Society, as of May 31, the ex-factory price of domestic industrial grade propylene glycol was 16,000 yuan/ton. , compared with May 1 (reference price 18,100 yuan/ton), the average price dropped by 2,100 yuan/ton, a decrease of 11.60%.
The domestic propylene glycol market fluctuated within a narrow range in early May
After the May Day holiday, Affected by factors such as the high operating load of propylene glycol sites, the gradual accumulation of on-site inventory, and insufficient downstream demand, on the 6th, propylene glycol factories in some areas of the country slightly lowered the price of propylene glycol products by 100-200 yuan/ton. Subsequently, after the market was weak for nearly a week, thanks to the high post-holiday price of the cost raw material propylene oxide, which provided propylene glycol cost support, on the 13th, the market price of propylene glycol fell back slightly to the level at the beginning of the month.
In late May, the propylene glycol market fell sharply due to the negative effects of many parties, with a drop of 11.44% in half a month
Enter In late May, as the price of raw material propylene oxide continued to decline, the support for propylene glycol in terms of costs continued to decrease. In addition, the downstream demand for propylene glycol was average, and export orders also decreased. Therefore, under the lack of support from many parties and the combination of negative factors, 17 Starting from the 31st, the domestic ex-factory price of propylene glycol has gradually declined, with the largest single-day drop of nearly 1,000 yuan/ton. As of the 31st, the reference ex-factory price of propylene glycol in Shandong was around 15,200-16,800 yuan/ton. According to SunSirs monitoring data, the average domestic ex-factory price of propylene glycol has dropped to 16,000 yuan/ton, a half-month drop of 11.44% compared with the middle of the month.
Upstream propylene oxide, late May stage, domestic propylene oxide The overall market decline is more obvious. In late May, factory inventories gradually increased, but the downstream load was low and demand was insufficient to follow up. The market continued to decline. Terminal companies had a strong wait-and-see sentiment and were waiting for a fall. The market was weak and transactions were biased. As of the 31st, the domestic reference average price of propylene oxide was 16,200 yuan/ton. Compared with May 1 (18,900 yuan/ton), the average price dropped by 2,700 yuan/ton. , a decrease of 14.29%.
Phaseical replenishment supports short-term weak and stable operation of propylene glycol
May, domestic propylene glycol The overall trend is downward. At the beginning of next month, the downstream replenishment of bargain hunting will be a strong support point for the market, and it will also be a “painkiller” after the market situation stops falling. However, whether this effect can be sustained will still be affected by whether demand can continue to support it. Therefore, Analysts of Propylene Glycol from Business Society believe that in the early days of June, the market will mostly be able to operate weakly and stably, and in the long term, we still need to continue to pay attention to changes in costs and supply and demand.
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