[Propylene glycol supply] The domestic market price of propylene glycol may decline slightly again

According to the monitoring data of the Business Society, as of August 26, the average ex-factory price of domestic propylene glycol referenced 7966.67 yuan/ton. Compared with last weekend on August 21, the average price dropped by 33 yuan/ton, a decrease of 1.65%

Propylene glycol:

Propylene glycol is a colorless, viscous and stable water-absorbing liquid that is an organic alcohol. It is almost tasteless, odorless, flammable and low-toxic. Miscible with water, ethanol and various organic solvents, its chemical formula is C3H8O2. Under normal conditions, it is a colorless and viscous liquid, almost odorless, slightly sweet when smelled, and has a boiling point of 187.3°C. Melting point -60℃. Relative density 1.0381 (20/20℃).

At the beginning of the week, the domestic propylene glycol market was weak and fell slightly

On the 24th at the beginning of this week, the domestic propylene glycol market Breaking the weak and stable trend in the past few days, the market price has declined slightly. Currently, driven by upstream raw materials, propylene glycol manufacturers are mostly interested in firming up their quotations. However, at the end of last week, more goods arrived at the ship port, and the on-site inventory increased. Under the pressure of inventory, propylene glycol Many factories in Shandong have lowered their offer prices by 100-200 yuan/ton. The effect of September and October on downstream demand has not yet appeared, and rigid demand purchases have basically been maintained, with little change in the amount of replenishment. The price of raw material propylene oxide is high and stable, which provides support for the cost of propylene glycol. After the market fell slightly, the propylene glycol market has maintained a weak and stable operation in the past two days.