Last week, the domestic propylene glycol market began to decline weakly. This week, on the first two days of the week, the domestic propylene glycol market continued to fall sharply, and the center of gravity continued to fall. The propylene glycol market had a strong wait-and-see atmosphere, the downstream operating rate was low, the demand side performance was weak, and the overall trading atmosphere in the field was general. In addition, in terms of raw materials, the inventory of raw propylene oxide market was under pressure, and the center of gravity was weak, giving loose support to the cost side of propylene glycol, 15. On the 16th, the domestic propylene glycol market price decreased by 500-1500 yuan / ton. At present, as of the 16th, the domestic propylene glycol market price was around 18200-18800 yuan / ton, a decrease of 7.46% compared with last weekend.

In terms of upstream propylene oxide, recently, the domestic propylene oxide market was weak and downward. According to the monitoring data of business society, the reference price of propylene oxide was 15800 yuan / ton on November 16, down 8.6% compared with November 1 (17300 yuan / ton).

Future trend analysis

At present, there is a strong wait-and-see mood in the downstream market of propylene glycol. In addition, the recent increase in propylene glycol supply has revealed the contradiction between supply and demand. The propylene glycol data division of business society believes that in the short term, the domestic propylene glycol market is weak, and it does not rule out that there are still downside risks in the market. More attention needs to be paid to the specific changes at the supply and demand side.