According to the monitoring data of business society, as of January 12, 2022, the average ex factory price of domestic industrial grade propylene glycol is 15700 yuan / ton. Compared with the price on January 9, 2022 (the ex factory reference price of propylene glycol is 16033 yuan / ton), the average price is reduced by 333 yuan / ton, a decrease of 2.08%; Compared with the price on January 1 (propylene glycol ex factory reference price of 16400 yuan / ton), the average price was reduced by 700 yuan / ton, a decrease of 4.27%.

It can be seen from the data monitoring chart of business agency that the domestic propylene glycol market fell last week. This week, the effective support of propylene glycol market was insufficient, and the market continued to fall deeply. At the beginning of the week (10th), the propylene glycol market was in a wait-and-see stalemate, the downstream goods were prepared carefully, and the market was temporarily stable. In the middle of the week (November 12), due to insufficient downstream demand for propylene glycol and flat on-site gas buying, the transaction focus of propylene glycol continued to decline. Some propylene glycol factories successively reduced the ex factory price of propylene glycol by about 200-400 yuan / ton. As of December 12, the ex factory price of propylene glycol in Shandong was around 15600-16000 yuan / ton, and the average price was 15700 yuan / ton, The low-end price refers to 15600 yuan / ton. Compared with the beginning of the week, it decreased by 2.08% during the week. At present, the overall market of propylene glycol is in the downward channel, and new orders are mainly negotiated.

In terms of index, the propylene glycol commodity index on January 11 was 203.85, down 1.71 points from yesterday, down 34.66% from the highest point 311.97 in the cycle (2021-10-27), and up 103.85% from the lowest point 100.00 on September 2, 2020. (Note: the period refers to the period from September 1, 2020 to now)

In terms of upstream propylene oxide, recently (1.4-1.10), the market price of propylene oxide rose first and then stabilized. After the new year’s Day holiday, the price of raw propylene rose steadily, the cost support gradually increased, the downstream orders were released, the factory shipment improved, the inventory pressure was reduced, and the focus of market negotiation gradually increased. Near the weekend, the inventory was low, which supported the manufacturer’s mentality and supported the price offer. However, the demand end performance was cold, the market price was frozen and sorted out, and the operation was stable temporarily, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 10700-10800 yuan / ton.

Future trend analysis

At present, the downstream of propylene glycol mainly continues to wait and see and receive orders, and there are few new orders. The propylene glycol datagrapher of business society believes that in the short term, the domestic propylene glycol market is mostly sorted and operated in a narrow range, and more attention needs to be paid to the news changes of supply and demand.