Price trend
According to the monitoring data of SunSirs, as of April 19, the ex-factory price of domestic industrial grade propylene glycol referred to 18,000 RMB/ton. Compared with April 6 (reference price 15,400 RMB/ton), the average price increased by 2,600 RMB/ton, an increase of 16.88%. Compared with April 1 (reference price 15,900 RMB/ton), the average price was raised by 2,100 RMB/ton, an increase of 13.21%.
With export support and tight supply, propylene glycol rose nearly 17% in the two weeks after the holiday
Two weeks after the Ching Ming Festival, the domestic market price of propylene glycol rose sharply by 16.88%. In the first two days after the festival, due to the influence of stock preparation before the festival, the downstream mainly digested the inventory, the trading atmosphere in the domestic propylene glycol market was relatively cold, and the market price was also slightly reduced. Since the 9th, the domestic market price of propylene glycol increased sharply, with the highest daily increase of nearly 1,500 RMB/ton. After that, the market entered the stage of stable finishing operation and the trading atmosphere improved.
The propylene glycol market was in short supply. Since the 12th, the offer price of propylene glycol factory was rising all the way, with a single day increase of 500-1,000 RMB/ton. As of the 19th, the domestic propylene glycol ex factory price rose to 17,800-18,200 RMB/ton, with an average reference price of 18,000 RMB/ton. In the two weeks after Qingming Festival, the average price of propylene glycol rose by 2,600 RMB/ton, the total increase after the holiday was nearly 17%。
SunSirs propylene glycol analysts believe that the sharp rise of domestic propylene glycol market after Ching Ming Festival mainly comes from the following aspects (for reference only):
In terms of raw materials, the recent raw material propylene oxide continued to run at a high level, the cost of propylene glycol supported strongly, and the price of propylene glycol plant continued to push up.
In terms of export, the global overhaul of devices led to tight supply at home and abroad, and the export market continued to improve. Most manufacturers mainly delivered foreign trade orders, while the domestic market spot volume was relatively small. As a whole, the fundamentals of propylene glycol were tight, and the price of propylene glycol was going up all the way.
In terms of domestic trade, affected by the sudden increase of export orders, the propylene glycol spot inventory was low, the domestic propylene glycol market supply was tight, the domestic trade resources were relatively insufficient, and the downstream demand was normal, which supported the strong operation of propylene glycol market.
The positive factors still exist, and propylene glycol will maintain a strong operation in the short term
At present, the domestic propylene glycol market trading atmosphere is good, the mentality of the industry is good, and the market as a whole is mostly positive. Therefore, SunSirs propylene glycol analysts believe that the propylene glycol market in the short term to maintain a strong operation, the future also need to pay more attention to changes in raw materials and exports.
