According to the monitoring data of the business agency, as of May 25, the reference price of domestic industrial grade propylene glycol was 16900 yuan / ton, compared with the reference price of 18066 yuan / ton on May 14, the average price was reduced by 1166 yuan / ton, a decrease of 6.46% on May 10; Compared with May 1 (reference price 18100 yuan / ton), the average price decreased by 1200 yuan / ton, a decrease of 6.63%.

Starting from late May, the domestic propylene glycol market continued to decline and entered the end of the month. In terms of raw materials, the loose market of propylene oxide weakened the support of propylene glycol. In addition, due to the continuous downward impact, the overall trading atmosphere of the market was weak, the transaction orders were general, and the downstream demand was just needed, so the purchasing was cautious. In terms of exports, at present, the export orders of propylene glycol have also decreased, and the support of favorable export has also weakened. Under the weak support of many parties, the domestic propylene glycol ex factory price was lowered again on the 24th and 25th, with a reduction range of 300-400 yuan / ton. At present, as of the 25th, the reference price of propylene glycol in Shandong is about 16600-17000 yuan / ton, that in South China is about 17000-17400 yuan / ton, and that in East China is about 16900-17200 yuan / ton.

Upstream, in late May, the domestic propylene oxide market fell first and then stabilized. Since the 17th, the propylene oxide market has been weak, and the purchasing attitude of the middle and lower reaches is cautious. With the sharp reduction of the price, the downstream inquiry enthusiasm has increased, and the market delivery has improved. With the easing of the inventory pressure of the representative factory, the price has stopped falling and stabilized. At present, the purchasing enthusiasm of the downstream is general, but there is no big pressure on the factory inventory. The supply and demand game, and the market is temporarily stable. Wait and see on the 25th, The mainstream price of propylene oxide Market in Shandong is around 17300-17600 yuan / ton.

Bad news accounts for more, propylene glycol market is weak and stable, there are still downside risks

At present, from the market performance at the end of the month, the performance of domestic propylene glycol in raw materials and demand is relatively weak, the market trading atmosphere is also general, and the short-term factors to boost the market are not clear. Therefore, the propylene glycol analysts of the business community believe that the domestic propylene glycol market will maintain weak operation in the near days of the end of the month, There is a risk that the market’s high-end quotation will continue to decline.