According to monitoring data from Business Society, as of November 27, 2023, the reference market price of domestically produced industrial grade propylene glycol was 8033 yuan/ton. Compared with November 1 (reference price of propylene glycol is 8100 yuan/ton), the price decreased by 67 yuan/ton, a decrease of 0.82%. Compared with October 1 (reference price of propylene glycol is 8466 yuan/ton), the price decreased by 333 yuan/ton, a decrease of 5.12%.

From the monitoring data chart of Business Society, it can be seen that the overall domestic propylene glycol market has been slightly declining since November. In the early stages, the propylene glycol market was generally weak and stable, with little overall market volatility. Under the dual pressure of insufficient downstream demand for propylene glycol and high costs, the overall performance of the propylene glycol market was in a dilemma of rising and falling, and the market remained stable until mid month. In the second half of the year, downstream demand for propylene glycol continued to perform mediocrely, with poor support from the demand side. The pace of propylene glycol shipments was relatively slow, and under the supply-demand game, some propylene glycol suppliers offered slightly higher prices, with a narrow reduction of about 100 yuan/ton in propylene glycol prices. As of November 27th, the domestic propylene glycol market price is based on around 8000-8100 yuan/ton.

Market analysis of propylene glycol

At present, the trading atmosphere of propylene glycol on the market is light, and downstream demand is generally boosted. The supply side is relatively stable, but the cost side still puts some pressure on propylene glycol. Therefore, the propylene glycol data analyst from Business Society believes that in the short term, the domestic propylene glycol market will have limited significant fluctuations, and the market will mostly be stable with small adjustments. More attention should be paid to changes in cost and supply and demand news.