According to the monitoring data of business society, as of April 19, 2022, the average ex factory price of domestic industrial grade propylene glycol is 11766 yuan / ton. Compared with the price on April 15, 2022 (propylene glycol ex factory reference price of 12533 yuan / ton), the average price is reduced by 767 yuan / ton, down 6.12%. Compared with the price on April 1, 2022 (propylene glycol ex factory reference price of 14133 yuan / ton), the average price is reduced by 2367 yuan / ton, down 16.75%.

It can be seen from the data monitoring chart of business society that in April, under the influence of public health events, logistics and transportation in some parts of China were not smooth, the downstream demand for propylene glycol recovered slowly, and the market price of propylene glycol went down all the way. This week, the follow-up of downstream demand was still limited, and the new orders were general. On the 18th and 19th consecutive days, propylene glycol factories adjusted the ex factory price of propylene glycol again, with a reduction range of 500-1000 yuan / ton, Although the propylene glycol units in some regions have shutdown maintenance plans and the propylene glycol inventory has decreased moderately, the market continues to be weak, and the early inventory has accumulated. Therefore, the support performance of the supply side is general. The propylene glycol market is greatly restricted by the demand side, and the overall supply and demand conduction block of the market appears. As of April 19, the ex factory price of domestic propylene glycol is around 11500-12000 yuan / ton, with a decrease of 6.12% in the two days of the week. At present, the atmosphere of propylene glycol on-site trading is light, and the downstream goods are prepared carefully, focusing on actual order negotiation.

On the upstream propylene oxide side, the recent (4.11-4.18) propylene oxide market fell. Recently, the price of raw material propylene has been consolidated and operated, with certain support on the cost side. The supply side devices are mainly stable, the demand side is cold, and the reduction follow-up is mainly. The market trading atmosphere is weak. According to the monitoring data of business society, the average price of propylene oxide enterprises was 11566.67 yuan / ton as of April 18, down 3.88% compared with the price on April 1 (propylene oxide price reference 12033.33 yuan / ton).

Future trend analysis

At present, the downstream demand of propylene glycol recovers slowly. The propylene glycol data division of business society believes that in the short term, the domestic propylene glycol market is mainly sorted and operated in a narrow range. In the long term, the downstream demand will be improved after the logistics and transportation are restored one after another. With the support of demand, the propylene glycol market can mostly recover and operate in the low valley. The specific trend also needs to pay more attention to the basic changes of supply and demand and the follow-up of new orders.