According to the monitoring data of the business community, as of June 11, the factory price of domestic industrial grade propylene glycol reference 15766 yuan / ton, compared with the price on June 1, the average price decreased by 233 yuan / ton, or 1.46%.
According to the monitoring data of the business community, the average ex factory price of domestic industrial dimethyl carbonate is 6700 yuan / ton, which is increased by 1034 yuan / ton, or 18.24%, compared with the price on June 1, 2021 (reference price 5666 yuan / ton).
At present, the production of propylene glycol and dimethyl carbonate in domestic factories is more common. Propylene oxide is used as the main raw material to produce dimethyl carbonate by transesterification, and propylene glycol is produced at the same time. Therefore, the market of propylene glycol and dimethyl carbonate also has a certain correlation. Here’s a brief introduction to the recent product market:
In June, after a sharp decline in May, the market price of domestic industrial grade propylene glycol continued to decline in early June. On the 9th, the market price of propylene glycol finally ushered in a slight rebound, but compared with the beginning of the month, the price was still at the low end, but the overall market momentum was growing. The main factor supporting the rebound of propylene glycol price this time is the shutdown and maintenance of propylene glycol / dimethyl carbonate units in some factories. In the short term, the market supply is reduced, the downstream replenishment is increased, and the price is rising. At the same time, dimethyl carbonate was also supported by the supply side. After the price of propylene glycol fell below 14500 yuan / ton in the early stage, in order to maintain the balance of profit and profit, the co production plant of dimethyl carbonate was eager to try to increase the price. This time, the supply of equipment maintenance was reduced, the downstream demand was good, and the orders increased. With the support of various factors, the market price of dimethyl carbonate rose sharply, The increase was much higher than that of propylene glycol, with an increase of more than 18% on the 10th.
In terms of upstream propylene oxide, the market of propylene oxide fell in May and continued to decline in June. In recent years, the overall operating rate of propylene oxide is high, the supply side is abundant, but the demand side is insufficient to follow up. In the process of price decline, the downstream risk aversion is heavy, the market is more wait-and-see, the trading rhythm slows down, and the focus of market negotiation is gradually lower. At present, the mainstream price of propylene oxide Market in Shandong is around 13500-13700 yuan / ton, and the mainstream price of propylene oxide Market in East China is around 13700-13900 yuan / ton.
Future forecast
In terms of propylene glycol, the market as a whole is stable and relatively strong. The mainstream factories mainly sell by orders, and the inventory pressure is low. The downstream companies continue to purchase just in time, and the trading atmosphere is acceptable. It is heard that there are still factories shut down for maintenance in the latter ten days, which is good for propylene glycol. Business analysts believe that the short-term propylene glycol market is mainly stable and strong.
In terms of dimethyl carbonate, the current market trading atmosphere is relatively active, with transaction preference. It is expected that the market will mainly operate at high and stable levels in the short term.
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