The price of tight supply propylene glycol increased by more than 7% (9.6-9.10) in the week

According to the monitoring data of business society, as of September 10, the average ex factory price of domestic industrial grade propylene glycol was 18233 yuan / ton, which was increased by 1200 yuan / ton, or 7.05%, compared with September 5 (propylene glycol reference price 17033 yuan / ton).

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Last week, domestic propylene glycol shipments were slow, and the market was weak and fell. On the 6th of this week, the propylene glycol market in Shandong Province rose steadily. I heard that some large factories had parking plans in the near future. In addition, the atmosphere of taking goods in the downstream was improved near the Mid Autumn Festival holiday, the transaction of new orders in the propylene glycol yard was improved, and the reluctance to sell in some factories increased. The ex factory price of propylene glycol was increased by 300-600 yuan / ton. On the 7th, the propylene glycol market continued to rise slightly, The ex factory price of propylene glycol was around 17200-18000 yuan / ton, and then the market price of propylene glycol was adjusted and operated at a high level. Near the weekend 9, the spot price of propylene glycol continued to be tight, and the spot price of propylene glycol factory increased again, with the maximum increase of 800 yuan / ton. As of September 10, the ex factory price of propylene glycol in Shandong was 17600-18800 yuan / ton, and the average price was 18233 yuan / ton, Compared with the beginning of the week, the increase in the week was more than 7%.

In terms of upstream propylene oxide, the propylene oxide Market in Shandong showed a steady upward trend this week. According to the monitoring data of business agency, as of September 10, the average production price of propylene oxide in Shandong was 16466 yuan / ton. Compared with the beginning of this week, the average price increased by 333 yuan / ton, an increase of 2.07% during the week. Compared with the beginning of this month, the average price increased by 433 yuan / ton, an increase of 2.70%

Future trend analysis

At present, propylene glycol in Shandong is operating at a high level as a whole. I heard that the units of large factories in Shandong will resume operation next week, and propylene glycol will be shipped one after another. With the moderate increase of on-site supply, the market of propylene glycol will continue to move up and down, and with the high price, the downstream demand performance is gradually cautious and the acceptance of high prices is limited. Therefore, propylene glycol analysts of business society believe that in the short term, Domestic propylene glycol market may have downside risks.

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