The price of propylene glycol rose nearly 17% in two weeks after the festival

According to the monitoring data of business society, as of April 19, the factory price of domestic industrial grade propylene glycol was 18000 yuan / ton, and the average price rose 2600 yuan / ton, or 16.88% compared with April 6 (reference price of 15400 yuan / ton). Compared with April 1 (reference price of 15900 yuan / ton), the average price increased by 2100 yuan / ton, or 13.21%.

 

Export support is now tight supply of propylene glycol, up nearly 17% in the two weeks after saving

 

Since the Qing Dynasty, the domestic propylene glycol market price has risen by 16.88% in two weeks since the Qing Dynasty. 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 September, the domestic propylene glycol market price has been greatly increased, with the highest daily increase of nearly 1500 yuan / ton, and then the market enters the stable finishing operation stage. The trading atmosphere improved.

 

The propylene glycol market is short of stock. Since December, the price of the propylene glycol factory has been rising rapidly, with the daily increase of 500-1000 yuan / ton. As of the 19th day, the domestic propylene glycol factory price has risen to 17800-18200 yuan / T, with the average price of 18000 yuan / ton as reference. Compared with the Qingming Festival, the average price of propylene glycol factory has risen 2600 yuan / ton in two weeks, and the total increase after saving has reached 17% .

 

Business community propylene glycol analysts believe that the sharp rise of domestic propylene glycol market after Qingming 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 has led to tight supply at home and abroad, and the export market continues to improve. Most manufacturers mainly deliver foreign trade orders, while the domestic market spot volume is relatively small. As a whole, the fundamentals of propylene glycol are tight, and the price of propylene glycol is going up all the way.

 

In terms of domestic trade, affected by the sudden increase of export orders, the propylene glycol spot inventory is low, the domestic propylene glycol market supply is tight, the domestic trade resources are relatively insufficient, and the downstream demand is normal, which supports the strong operation of propylene glycol market.

 

Lido still exists, propylene glycol keeps 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, business community 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.

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