According to the monitoring data of the business community, as of December 2, 2022, the market price reference of domestic industrial propylene glycol was 7833 yuan/ton, and on November 27 (the reference price of propylene glycol was 7900 yuan/ton), the price decreased by 67 yuan/ton, or 0.84%.

It can be seen from the data monitoring chart of the business community that this week (11.28-12.02), the domestic propylene glycol market as a whole showed a weak decline. The overall shipment of propylene glycol factory is slow, the wait-and-see mood is strong, and the supply and demand transmission is generally in a stalemate. Some propylene glycol factories store the pressure of shipment, and slightly reduce the price of propylene glycol by 100-200 yuan/ton. At present, the atmosphere of propylene glycol trading in the market is general, and new orders are mostly negotiated. As of December 2, the domestic propylene glycol market price is around 7700-8000 yuan/ton.

1、 Supply: Most of the new propylene glycol orders this week were just due to the need to be cautious, and were mainly negotiated. Therefore, some propylene glycol plants were under pressure in inventory. In addition, in the fourth quarter, some devices were put into production, and the overall on-site supply was also at a high level. The mentality of the operators was general, and the supply side gave propylene glycol a loose support.

2、 In terms of demand, at present, the UPR market of propylene glycol downstream is in a general situation, the consumption of raw materials is relatively slow, the mentality of the industry is general, and the stock is cautious. Therefore, the support given to propylene glycol in terms of demand is also insufficient.

Future trend analysis

At present, the propylene glycol market is weak as a whole, and the short-term pre added capacity has injected a strong wait-and-see mood into the market. The propylene glycol data engineer of the business community believes that in the short term, the domestic propylene glycol market is mainly adjusted and operated in a narrow range, and more attention should be paid to the change of information on the supply and demand side.