The overall domestic propylene glycol market remains in stalemate and is declining

In terms of propylene glycol, according to the monitoring data of Business Society, as of November 8, the average ex-factory price of domestic industrial-grade propylene glycol was 21,266 yuan/ton, which was the same as that on November 5. Compared with (propylene glycol reference price 21,833 yuan/ton), the average price dropped by 567 yuan/ton, a decrease of 2.60%; compared with November 1 (propylene glycol reference price 23,900 yuan/ton), the average price dropped by 2,633 yuan/ton, a decrease 11.02%.

Entering November, the overall domestic propylene glycol market has fallen into a stalemate. Starting from the 2nd and 3rd, the on-site supply of propylene glycol gradually recovered, and the supply was tight in the early stage. Price support continues to loosen, and the market for raw material propylene oxide has also declined, and cost support is weak. Entering this week, at the beginning of the week (August), propylene glycol plants in some areas of the country resumed operation one after another, and on-site supply continued to increase. On the 8th, the propylene glycol market declined slightly again, and the ex-factory price of propylene glycol in Shandong was around 21,000-21,600 yuan/ton. , At present, the downstream demand performance is average, the wait-and-see atmosphere is strong, and the overall transaction is deserted. As of the 8th, according to the data monitoring of SunSirs, the average ex-factory price of propylene glycol was 21,266 yuan/ton, a decrease of 2.60% compared with last weekend.

Analysis of the market outlook: At present, propylene glycol is not performing well in terms of demand, and downstream wait-and-see sentiment is strong. Supply is increasing and demand is insufficient. It is expected that in the short term, the market will Stock accumulation often occurs, and the downward trend in raw materials has also loosened cost support. Looking at the three aspects of comprehensive supply and demand for raw materials, SunSirs propylene glycol analysts believe that in the short term, domestic propylene glycol will be weak and consolidate, and it is not ruled out that the market still has downward risks. More attention needs to be paid to specific changes in supply and demand.