Price trend
According to the monitoring data of SunSirs, as of March 3, 2023, the reference market price of domestic industrial propylene glycol was 9,566 RMB/ton. Compared with February 27 (the reference price of propylene glycol was 9,433 RMB/ton), the price increased by 133 RMB/ton, or 1.41%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that this week (2.27-3.03), the overall domestic propylene glycol market rose slightly and then stabilized. At the beginning of this week, the domestic propylene glycol market as a whole rose slightly again, and the propylene glycol price of some factories with low prices in the early stage rose slightly, with an increase of about 200 RMB/ton. The quotations of other factories and suppliers were mainly stable, and the market as a whole entered a high consolidation stage. As the market price of propylene glycol continued to rise, the wait-and-see mood of downstream users were increasingly. They were cautious in purchasing and mainly dealed with small orders. As of March 3, the domestic market price of propylene glycol was around 9,500-9,700 RMB/ton.
Market outlook
As of March 3, the support for the high level movement of the propylene glycol market was mostly from the tight supply and inventory and the rising raw material market. The support provided by the downstream demand side of the propylene glycol was relatively general. However, it was heard that some units were planned to be shut down for maintenance in March. The overall increase in the on-site supply was not large, and the supply side support remained in the short term. However, it was heard that some units were planned to be shut down for maintenance in March. The overall increase in the on-site supply was not large, and the supply side support remained in the short term.
