According to the monitoring data of the business community, as of January 18, the reference ex factory price of domestic industrial grade propylene glycol was 13300 yuan / ton, with an average price increase of 1967 yuan / ton, or 17.35%, compared with January 1 (reference price of 11333 yuan / ton), and an average price increase of 700 yuan / ton, or 5.28%, compared with December 1 (reference price of 12633 yuan / ton).

Low inventory supply tension propylene glycol high operation

In January, the domestic industrial grade propylene glycol market was supported by the rise of raw material propylene oxide, and the cost performance was firm. The price of propylene glycol rose steadily. At the beginning of this week, the propylene glycol market continued to run steadily, moderately and strongly. Some large propylene glycol production plants started late this week, and were still in the condition of load reduction or shutdown. The overall operating rate was low, and it was expected to be only about five floors. In the case of low inventory, tight supply and common shortage in the market, on the 14th and 15th, the offer price of propylene glycol increased sharply, with an increase of 1000-1500 yuan / ton. On the 15th, the mainstream offer price of domestic industrial grade propylene glycol was around 13000-14000 yuan / ton. At present, the overall market of propylene glycol industrial grade is running at a high level.

As of January 18, the reference ex factory price of domestic industrial grade propylene glycol was 13300 yuan / ton. Compared with January 1 (reference price 11333 yuan / ton), the average price increased by 1967 yuan / ton, or 17.35%; compared with December 1 (reference price 12633 yuan / ton), the average price increased by 700 yuan / ton, or 5.28%.

In terms of demand, most of the downstream propylene glycol products continue to be purchased in the state of just need, with more small orders, and the atmosphere of goods preparation before the festival is general. At present, high prices mostly come from low inventory and scarcity of goods.

Upstream, starting from the beginning of January, the trend of raw material propylene oxide was stable and upward, entering this week. Starting from the 11th, the overall market of propylene oxide was stable, and the support for propylene glycol was still strong. As of January 15, the reference price of propylene oxide was 19333.33 yuan / ton, up 2.29% compared with the price on January 1 (18900 yuan / ton).

Internationally, on January 15, the price of WTI crude oil futures market in the United States fell, with the settlement price of the main contract at US $52.42/barrel, down US $1.15. Brent crude oil futures market prices fell, the settlement price of the main contract was $55.10/barrel, down $1.32. Oil prices fell more than 2% on Friday, adding to the epidemic in many parts of the world, raising fuel demand concerns.

How high and stable operation of propylene glycol in short term under tight inventory

At present, the supply of propylene glycol market continues to be tight, and the start of large factories is delayed. Therefore, the propylene glycol Data Engineer of business society believes that in the short term, the domestic propylene glycol market will be supported by the tight supply and low inventory, and most of them will run stably at a high level.