According to the monitoring data of the Business News Agency, as of March 3, 2023, the reference market price of domestic industrial propylene glycol was 9566 yuan/ton. Compared with February 27 (the reference price of propylene glycol was 9433 yuan/ton), the price increased by 133 yuan/ton, or 1.41%.

It can be seen from the data monitoring chart of the business agency that this week (2.27-3.03), the overall domestic propylene glycol market rose slightly and then stabilized. At the beginning of this week, the domestic propylene glycol market as a whole rose slightly again, and the propylene glycol price of some factories with low prices in the early stage rose slightly, with an increase of about 200 yuan/ton. The quotations of other factories and suppliers were mainly stable, and the market as a whole entered a high consolidation stage. As the market price of propylene glycol continues to rise, downstream users are increasingly in a wait-and-see mood. They are cautious in purchasing and mainly deal with small orders. As of March 3, the domestic market price of propylene glycol is around 9500-9700 yuan/ton.

Future trend analysis

At present, the support for the high level movement of the propylene glycol market is mostly from the tight supply and inventory and the rising raw material market. The support provided by the downstream demand side of propylene glycol is relatively general. However, it is heard that some devices are planned to be shut down for maintenance in March. The overall increase in the on-site supply is not large, and the supply side support is still in the short term. Therefore, it is expected that in the short term, the domestic propylene glycol market will mainly be in consolidation and operation, with limited power for the sharp rise of the market, which is supported by the supply side, The probability of a sharp decline in the propylene glycol market is also small, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.