According to the monitoring data of the business agency, as of February 19, the reference ex factory price of domestic industrial grade propylene glycol was 13333 yuan / ton, which was 167 yuan / ton higher than that on February 10 (reference price was 13166 yuan / ton), or 1.27%; and the average price was 67 yuan / ton higher than that on February 1 (reference price was 13266 yuan / ton), or 0.50%.

Before the Spring Festival, the market of domestic industrial grade propylene glycol was weak. During the holidays, the adjustment of propylene glycol market was limited and basically maintained stable operation.

Cost demand double supports propylene glycol to rise after the festival

After the Spring Festival, the price of propylene oxide, the cost raw material, went up, supporting the cost of propylene glycol. In terms of supply, the supply of propylene glycol is relatively sufficient, and the inventory pressure of main factories is relatively high. In terms of demand, exports performed well after the festival, and domestic downstream industries continued to purchase just in time. In terms of logistics, at present, transportation logistics turnover has gradually recovered. Therefore, supported by the upward raw material cost and acceptable downstream demand, the propylene glycol market rose for the first time after the Spring Festival, with an increase rate of 300-500 yuan / ton. As of February 20, the reference ex factory price of domestic industrial grade propylene glycol was around 13000-14000 yuan / ton, with an average reference price of 13333 yuan / ton. Compared with before the Spring Festival (reference price of 13166 yuan / ton), the price increased by 167 yuan / ton, or 1.27%; compared with early February (reference price of 13266 yuan / ton), the average price increased by 67 yuan / ton, or 0.50%.

In terms of raw materials, the domestic inventory of propylene oxide was on the low side before the festival. After the Spring Festival, the market of propylene oxide in Shandong Province rose. On the 18th, the price of propylene oxide in Shandong Province of Wanhua chemical increased by 500 yuan / ton compared with that before the festival. At present, the factory quotation is 17700 yuan / ton. I heard that the current shipping order is OK, the overall shipping pressure of the market is small, and the market trend is good.

Increasing cost, gradually recovering demand, more propylene glycol will continue to rise

After the festival, propylene glycol is driven by the rising raw materials, the cost support is enhanced, the downstream demand is gradually recovering, and the export is also positive. Therefore, the propylene glycol data analysts of business society believe that the market price of propylene glycol may continue to move up after the festival, and the above-mentioned actors need to pay more attention to the consumption transmission and the change of mentality.