According to the monitoring data of business society, as of October 27, the average ex factory price of domestic industrial grade propylene glycol was 24166 yuan / ton. Compared with October 1 (the reference price of propylene glycol was 21100 yuan / ton), the average price increased by 3066 yuan / ton, or 14.53%.

According to the monitoring data of business society, as of October 27, the average ex factory price of domestic industrial dimethyl carbonate was 13333 yuan / ton, which was 633 yuan / ton, an increase of 4.99% compared with October 1 (the reference price of dimethyl carbonate was 12700 yuan / ton).

At present, the linkage production of propylene glycol and dimethyl carbonate is common in domestic factories. It takes propylene oxide as the main production raw material to produce dimethyl carbonate by transesterification, and propylene glycol is also produced at the same time. Therefore, there is a certain correlation between the market situation of propylene glycol and dimethyl carbonate. In October, the domestic market prices of propylene glycol and dimethyl carbonate increased significantly, and the main factors supporting the sharp rise in product prices came from the following two aspects:

In terms of supply, in October, after the National Day holiday, propylene glycol / dimethyl carbonate units in Shandong, Anhui and other regions have shutdown plans to varying degrees. In the short term, the market supply will continue to be tight. Therefore, although the demand after the festival has not increased widely, the factory has a strong willingness to support the price, and the first day of construction after the festival (August), The domestic propylene glycol and dimethyl carbonate market opened a sharp rise. On the 9th, the average price of domestic propylene glycol rose to 22600 yuan / ton, up 7.11% in a single day after the festival, and the average price of domestic dimethyl carbonate rose to 13433 yuan / ton, up 5.77% in a single day after the festival.

In terms of raw materials, the price of propylene oxide increased significantly after the National Day in October, and the high level of raw materials also supported the strong operation of propylene glycol and dimethyl carbonate. In addition, in terms of supply, after the shutdown of Shandong and Anhui units, the overall operating rate in the plant was not improved enough, the pressure of factory shipment was small, and the supply of propylene glycol and dimethyl carbonate in the plant continued to be tight, Since the 10th, the market price has continued to move steadily upward. Many factories have limited sales, and some factories have temporarily closed their offers due to tight supply. On October 22, the ex factory price of propylene glycol in Shandong was around 24000-25000 yuan / ton, and the ex factory price of dimethyl carbonate in Shandong was around 13500-14500 yuan / ton.

In late October, the raw material propylene oxide market went down, and the support for propylene glycol and dimethyl carbonate was slightly loose. In addition, after the market price rushed to a high level, the downstream demand side showed general performance, the follow-up of new orders was slow, and the inquiry atmosphere also weakened slightly. It was more cautious to place orders just in need of purchase, but the supply side support was still sufficient, Therefore, at the end of the month, the offers of propylene glycol and dimethyl carbonate manufacturers are mostly high and stable, and the market has entered a stable consolidation operation stage of one week. Affected by the insufficient performance of the demand side, the market of propylene glycol and dimethyl carbonate showed a downward trend on the 27th. Among them, propylene glycol merchants appropriately gave up profits to stimulate shipments. The market price of propylene glycol decreased by about 300-500 yuan / ton, and the market price of dimethyl carbonate decreased significantly by about 500-1000 yuan / ton. Up to the 27th, The domestic ex factory price of propylene glycol is around 24000-24500 yuan / ton, and the domestic ex factory price of dimethyl carbonate is around 13000-13500 yuan / ton.

In terms of upstream propylene oxide, the market price of propylene oxide in Shandong fell on October 26, down 2.61% compared with the previous trading day, up 0.38% compared with the price on September 26, and down 1.69% year-on-year in a three-month cycle. At present, the raw material propylene market is weak, the liquid chlorine price is down, the cost support is weakened, the market supply is improved, the downstream procurement enthusiasm is general, the market atmosphere is weak, and the focus of negotiation is low. It is expected that the propylene oxide market may be weak in the short term.

Future trend analysis

At present, propylene glycol and dimethyl carbonate manufacturers are actively shipping, but the market inquiry atmosphere has improved, and the actual transactions are still relatively few. In addition, the decline of raw material propylene oxide is also large, and the cost support has gradually weakened. Generally speaking, the effective support for the prices of propylene glycol and dimethyl carbonate is limited. Therefore, the business society’s propylene glycol and dimethyl carbonate data division believes that in the short term, Propylene glycol and dimethyl carbonate market has continued downward risk, and more attention needs to be paid to the changes in supply and demand.