According to the monitoring data of business society, as of December 14, the average ex factory price of domestic industrial grade propylene glycol was 17616 yuan / ton. Compared with the price on December 9, 2021 (propylene glycol reference price 16800 yuan / ton), the average price increased by 816 yuan / ton, an increase of 4.86%, and compared with the price on December 1 (propylene glycol reference price 17933 yuan / ton), the average price decreased by 317 yuan / ton, a decrease of 1.77%.

It can be seen from the data monitoring chart of the business community that in the early December stage, the domestic propylene glycol market as a whole operated downward, the raw material propylene oxide operated steadily and the cost support was stable, but the downstream demand support of propylene glycol was insufficient, the downstream wait-and-see atmosphere was strong, the raw materials in the previous period were mainly digested, the rigid demand in the venue continued to weaken, and the overall new order transaction was weak. Since the beginning of the month, The offer price of propylene glycol factory was gradually reduced. Until December 9, the transaction focus of domestic propylene glycol fell below 17000 yuan / ton. According to the monitoring data of business society, the average price was 16800 yuan / ton, with a decrease of 6.32% in early December.

After several days of continuous decline of propylene glycol, on December 10, the market in the propylene glycol plant finally saw a slight recovery, and the quoted price of propylene glycol plant stopped falling and rebounded. The recovery of the market mainly came from the support of the supply side. The propylene glycol plant in Zhejiang was temporarily parked, the supply in the plant decreased, the market inquiry atmosphere warmed up, new orders were added downstream, the storage pressure of propylene glycol was released, and the quotations of some factories began to adjust upward, The increase range was 100-300 yuan / ton. This week, the downstream just needed replenishment, the propylene glycol factory shipped actively, and the inventory pressure was reduced. On the 13th and 14th of the week, the propylene glycol factory quotation continued to increase, with the increase range of about 200-500 yuan / ton. As of December 14, the domestic propylene glycol factory price was 17400-18000 yuan / ton, and the average price was 17616 yuan / ton, compared with the 9th, The price callback was 816 yuan / ton, an increase of 4.86% on the 5th.

In terms of index, the propylene glycol commodity index on December 9 was 215.38, down 0.86 points from yesterday, down 30.96% from the highest point 311.97 in the cycle (2021-10-27), and up 115.38% from the lowest point 100.00 on September 2, 2020. (Note: cycle refers to 2020-09-01 to now)

In terms of upstream propylene oxide, the market price of propylene oxide fell on December 13, 2.05% lower than that on Friday, 2.05% lower than that at the beginning of the month and 12.27% lower than that on November 13. Recently, the price of raw propylene is weak, the cost support is general, the factory inventory increases slowly, the downstream procurement enthusiasm is general, the bearish mood is strong, the terminal is mainly waiting and waiting, and the focus of market negotiation is downward. It is expected that the propylene oxide market will be dominated by weak operation in the short term.

Future trend analysis

At present, the trading atmosphere in the propylene glycol field is good. The propylene glycol factory has received orders smoothly in the past two days, and the downstream demand side support is OK. Therefore, the propylene glycol datagrapher of the business society believes that the propylene glycol market may continue to rise slightly in the short term, and more attention needs to be paid to the news changes on the supply and demand side.