Propylene glycol market rose slightly this week (10.31-11.3)

According to the monitoring data of the business community, as of November 3, 2022, the average ex factory price of domestic industrial propylene glycol was 8216 yuan/ton, and on October 30 (the reference price of propylene glycol was 8100 yuan/ton), the price increased by 116 yuan/ton, or 1.44%.

It can be seen from the data monitoring chart of the business community that the domestic propylene glycol market rose slightly this week (10.31-11.3). At the beginning of the week, the propylene glycol market was mainly reorganized and operated, with little change in market news. The propylene glycol market was stable and slightly moved towards the weekend, and the propylene glycol market price in Shandong Province was slightly increased by 100-200 yuan/ton. As of November 3, the domestic propylene glycol market price was around 8000-8300 yuan/ton, and the price was increased by 300-600 yuan/ton within the week. The specific analysis of propylene glycol market supply and demand this week is as follows:

In terms of supply, at present, propylene glycol has little spot circulation, the overall supply is tight, logistics is limited and other factors affect the delivery of some propylene glycol plants slowly or temporarily. Therefore, the supply side gives propylene glycol market some support under low pressure of propylene glycol supply.

In terms of demand, currently, propylene glycol downstream demand is mainly purchased on demand. It is said that in the fourth quarter, propylene glycol has been put into production successively. Therefore, some downstream operators have a strong wait-and-see attitude, and the demand side is generally supported by propylene glycol.

Future trend analysis

At present, the trading atmosphere of propylene glycol in the market is general, and the preparation of goods is cautious. The propylene glycol data engineer of the business community believes that in the short term, the propylene glycol market tends to adjust the operation of narrow range, and more attention should be paid to the changes in the information on the supply and demand side.