According to the monitoring data of the business agency, as of October 19, the ex factory transaction price of domestic propylene glycol was 9333 yuan / ton. Compared with October 11, the average price of propylene glycol increased by 167 yuan / ton, or 1.82%.

At the beginning of last week, the market remained stable after the low-end price of propylene glycol moved up

At the beginning of last week, the domestic propylene glycol market was in shock and consolidation operation. The low-end quotation was adjusted upward, and some high-end offers moved down a few times. The upward and downward ranges were limited. The fluctuation adjustment was within the range, with the adjustment range of 200-300 yuan / ton. The main reason for the shock finishing was the high offer pressure under the inverted hanging of propylene glycol cost due to the high raw materials, and After a small market shock, the market as a whole is weak and stable. The downstream demand is general, and the end users continue to be rigid demand. Strong resistance to high prices. The sales of foreign trade parts are not so good.

As of October 19, the ex factory transaction price of domestic propylene glycol was referred to 9333 yuan / ton. Compared with October 11, the average price of propylene glycol increased by 167 yuan / ton, or 1.82%.

Upstream, nearly a week, propylene oxide Market high stability, mainly wait and see. According to the data of the business club, as of October 16, the average price quoted by propylene oxide enterprises was 18966.67 yuan / ton, which was flat compared with the beginning of the week, increased by 20.04% compared with September 16, and increased by 80.06% compared with the same period last year. At present, there is little change in the market fundamentals, the pace of trading is slowing down, the downstream on-demand procurement is the main, the wait-and-see sentiment is strong, and the manufacturer’s offer is stable.

Internationally, on October 16, the U.S. WTI crude oil futures market prices rose slightly, with the settlement price of main contracts at $41.12/barrel, up $0.16. Brent crude oil futures market prices fell slightly, with the main contract settlement price at 42.93 US dollars / barrel, down 0.23 US dollars. On Friday, the oil price was adjusted in a small range, and the economic recovery prospect caused by the epidemic situation was not clear.

The shortage of demand is a hard injury, which will still be sorted out in the short term

The downstream demand can only maintain rigid demand, and large orders are less, so the demand is still the biggest resistance to the continuous upward trend of propylene glycol, and the industry is lack of confidence. It is expected that the price of propylene glycol will fluctuate in a narrow range in the short term.