Domestic propylene glycol market fell in the first week of September

According to the monitoring data of Business Society, as of September 5, domestic industrial-grade propylene glycol has left the factory. The average price reference is 17,033 yuan/ton. Compared with August 30 (propylene glycol reference price 17,288 yuan/ton), the average price is reduced by 255 yuan/ton, a decrease of 1.45% during the week. Compared with August 5 (propylene glycol reference price 17,066 yuan) / ton), the average price dropped by 33 yuan / ton, a decrease of 0.20% within thirty days.

Near the end of August , supported by the shutdown of the propylene glycol plant in Shaanxi due to malfunction and the reduction in on-site propylene glycol supply, the domestic propylene glycol market rebounded in late August.

Entering the first week of September, the domestic propylene glycol market fell as a whole. At the beginning of the week, there was little change in the supply of domestic propylene glycol on the market, and there was little change in factory operations. The downstream can still continue to purchase rigid needs. The ex-factory quotation of propylene glycol in Shandong is around 17,300-17,500 yuan/ton. In the middle of the week, shipments from some factories were slow. , gradually accumulated inventory. On the 1st, the ex-factory price of propylene glycol was reduced by 200-400 yuan/ton. After the price dropped, the downstream demand was not significantly boosted and the performance was still relatively deserted. On the 2nd, the propylene glycol market fell slightly again until Over the weekend, the propylene glycol market mainly operated weakly. As of the weekend, the ex-factory price of propylene glycol in Shandong was around 16,800-17,200 yuan/ton. Compared with the beginning of the week, the price dropped by around 300-500 yuan/ton. The domestic average price was around 17,033 yuan/ton. Compared with the beginning of the week, the average price It was lowered by 255 yuan/ton, a decrease of 1.45% during the week.

　In terms of upstream propylene oxide,the propylene oxide market first stabilized and then rose in the first week of September. At the beginning of this week, the mainstream quotation in the propylene oxide market in Shandong was around 15,600-15,700 yuan/ton. There was little pressure on factory inventories. The follow-up of new downstream orders was average. The market was running flat and was temporarily stabilized. With the release of downstream demand, factory inventories fell. To the low level, the market price stopped rising, and the price rose slightly. The current mainstream quotation in the propylene oxide market in Shandong is around 15,700-15,800 yuan/ton.

　Analysis of market outlook

At present, the propylene glycol market After falling during the week, the downstream wait-and-see attitude is still cautious, transaction orders are average, and the supply side has not yet shown obvious support for propylene glycol. Therefore, Business Society propylene glycolAnalysts believe that in the short term, the domestic propylene glycol market will mainly fluctuate within a narrow range and adjust.