According to the monitoring data of business society, as of December 3, the average ex factory price of domestic industrial grade propylene glycol was 17633 yuan / ton. Compared with the price on November 28, 2021 (the reference price of propylene glycol was 18600 yuan / ton), the average price was reduced by 967 yuan / ton, a decrease of 5.20%.

It can be seen from the data monitoring chart of the business society that at the end of November, the domestic propylene glycol market temporarily operated stably. In this week, due to the lack of downstream demand, the trading atmosphere in the propylene glycol field was general, and the follow-up of new orders was poor. From the beginning of the week (November 29), the focus of the domestic propylene glycol market continued to move downward, and the offer prices of propylene glycol factories also decreased one after another, There was a strong wait-and-see mood in the downstream. By the middle of the week (December 1), the average ex factory price of domestic propylene glycol fell to 17933 yuan / ton, a decrease of 3.58% in two days. Subsequently, the propylene glycol market was weak and deadlocked, the market atmosphere was flat, and the new downstream single atmosphere was weak, which was difficult to give effective support to propylene glycol. On the 3rd, the quoted price of propylene glycol factory was lowered again, with a reduction range of 200-300 yuan / ton, and the average price was 17633 yuan / ton, a decrease of 5.20% during the week. At present, the atmosphere in the propylene glycol venue is still cautious, and the overall transaction is limited.

In terms of index, the propylene glycol commodity index on December 2 was 229.91, unchanged from yesterday, down 26.30% from the highest point 311.97 in the cycle (2021-10-27), and up 129.91% from the lowest point 100.00 on September 2, 2020. (Note: the period refers to the period from September 1, 2020 to now)

In terms of upstream propylene oxide, this week, after the domestic propylene oxide Market in Shandong increased slightly, it operated stably, the factory inventory was temporarily controllable, the downstream follow-up was slightly insufficient, and the procurement enthusiasm was general. According to the monitoring data of business agency, as of December 3, the average ex factory price of propylene oxide in Shandong was 14600 yuan / ton. Compared with the beginning of this week, the average price increased by 367 yuan / ton, an increase of 2.58% during the week.

Future trend analysis

At present, the raw material cyclopropane market operates stably, the cost support is stable, and the downstream unsaturated resin and polyether users mainly digest raw materials, and the demand is still cautious. The propylene glycol data division of business society believes that in the short term, the domestic propylene glycol market will continue to be weak and downward, and more attention needs to be paid to the specific changes at the supply and demand side.