According to the monitoring data of the business agency, as of December 11, the factory price of domestic industrial grade propylene glycol was 10666 yuan / ton. Compared with the price on December 6, the average price of domestic industrial propylene glycol was reduced by 600 yuan / ton, with a weekly decrease of 5.33%; compared with December 1, the average price was reduced by 2000 yuan / ton, with a decrease of 15.57% within ten days.

Lack of raw material support, propylene glycol began to decline at the beginning of the month

From the beginning of December 2, the latest offer price of domestic industrial grade propylene glycol fell sharply, mainly due to the lack of cost support from raw materials. Since the end of November, propylene oxide, the raw material, has been in a continuous decline. With the continuous weakening of cost support, propylene glycol factories have successively reduced the ex factory price of propylene glycol by 1000-2000 yuan / ton. In this week, the market trend of propylene oxide was stable, and the support for propylene glycol was improved compared with the previous period. However, in terms of demand, the downstream wait-and-see mood was heavy, the trading atmosphere was cold, and the operators were cautious in taking and replenishing goods. The price of propylene glycol Market rose and fell in a mixed manner, and the overall decline was more. As of December 11, the factory price of domestic industrial grade propylene glycol was 10666 yuan / ton, compared with December 6 Compared with the daily price, the average price was reduced by 600 yuan / ton, with a weekly decrease of 5.33%; compared with December 1, the average price was reduced by 2000 yuan / ton, with a decrease of 15.57% within ten days.

On the upstream side, on the first day of the month, the domestic propylene oxide market was stable after a sharp decline, and the current market was stable. As of December 10, the reference price of propylene oxide was 17300.00 yuan / ton, up 0.7% compared with December 1 (17166.67 yuan / ton).

After the lack of demand, the market does not rule out a small decline

Since December, the downstream demand of industrial grade propylene glycol in China has been flat, with few new orders. At present, the inventory is expected to rise. Therefore, business agency propylene glycol data analysts believe that in the short term, propylene glycol market will continue to explore slightly.