Price trend
According to the monitoring data of SunSirs, as of April 13, 2023, the reference market price of domestic industrial propylene glycol was 8,633 RMB/ton, which was 200 RMB/ton higher than that of April 9 (8,433 RMB/ton), an increase of 2.37%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (4.9-4.13), the overall domestic propylene glycol market showed a slight and steady upward trend. Some devices in the propylene glycol field had been shut down for maintenance, and the supply of propylene glycol in stock was tightening. The tight supply side supported the overall upward focus of the propylene glycol market. At present, the trading atmosphere of propylene glycol in the market is slightly good, and the downstream just needs replenishment. As of April 13, the domestic propylene glycol market price is around 8,600-8,700 RMB/ton, and the high end price is around 9,000 RMB/ton. The weekly price increase is around 100-300 RMB/ton.
Market outlook
At present, the overall performance of propylene glycol on the market is stronger within a certain range, and the operators have a good mentality. The propylene glycol data analyst of SunSirs believes that in the short term, the domestic propylene glycol market will mostly continue to operate steadily with a stronger bias, and the specific trend still needs to pay more attention to changes in supply and demand news.
