According to the monitoring data of the Business News Agency, as of March 8, 2023, the reference market price of domestic industrial propylene glycol was 9666 yuan/ton. Compared with March 5 (the reference price of propylene glycol was 9566 yuan/ton), the price increased by 133 yuan/ton, or 1.41%.

It can be seen from the data monitoring chart of the business agency that this week (3.05-3.08), the overall domestic propylene glycol market rose slightly and then stabilized. At the beginning of the week (March 6), supported by the high level of raw materials, the overall domestic propylene glycol market rose slightly again, with a price increase of around 100-200 yuan/ton. In the middle of the week, due to the recent high level of propylene glycol market, the wait-and-see mood increased, the new orders were carefully traded, the demand follow-up was loose, the propylene glycol continued to rise weakly, and the market as a whole entered a stable consolidation operation. As of March 8, the domestic market price of propylene glycol is around 9500-9700 yuan/ton.

Future trend analysis

At present, the overall demand for propylene glycol on the market has a weakening trend, but benefiting from the support of high raw materials and the relatively controllable inventory at the supply side, the overall state of mind on the market is good. The propylene glycol statistician of the business agency believes that in the short term, the domestic propylene glycol market will mostly be stable and slightly adjusted, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.