Price trend
According to monitoring data from SunSirs, as of July 13, 2023, the market price of domestic industrial grade propylene glycol was referenced at 7,066 RMB/ton, which was basically unchanged compared to July 7. Compared with July 1 (propylene glycol reference price 7,166 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 1.40%. Compared with June 1 (propylene glycol reference price 8,033 RMB/ton), the price was reduced by 967 RMB/ton, a decrease of 12.03%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (7.7-7.14), the domestic propylene glycol market was generally weak, with a focus on consolidation and operation. During the week, the overall price of propylene glycol in the market did not change much. As of July 14th, the cost aspect provided some support for the propylene glycol market. Therefore, although the overall downstream demand was average, the propylene glycol market was generally operating stably, and the market performance was stagnant and consolidated. As of July 14th, the domestic propylene glycol market price was referenced around 7,000-7,300 RMB/ton, and the high price was referenced around 7,500 RMB/ton.
Market outlook
As of July 14th, the downstream of propylene glycol mainly continued to purchase on demand, and the transaction of new orders was cautious overall. There was a strong wait-and-see sentiment on the market. The propylene glycol data analyst of SunSirs believes that in the short term, the domestic propylene glycol market will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to changes in supply and demand news.
