According to monitoring data from Business Society, as of February 7, 2024, the reference market price of domestically produced industrial grade propylene glycol was 7900 yuan/ton. Compared with February 1, the price remained basically unchanged. Compared with January 1 (reference price of propylene glycol was 8300 yuan/ton), the price decreased by 400 yuan/ton, a decrease of 4.82%.

From the data monitoring chart of Business Society, it can be seen that in February, the overall domestic propylene glycol market has shown a stable and organized operation. At present, there is not much adjustment in the supply side of propylene glycol on-site, and the overall supply pressure in the propylene glycol market is not high. In terms of downstream demand, after entering February, with the gradual suspension of logistics transportation, the overall number of new propylene glycol orders has decreased, but the supply side pressure is still acceptable, and the overall performance of the propylene glycol market is mainly stable. As of February 7th, the domestic propylene glycol market price is based on around 7800-8100 yuan/ton.

Market analysis of propylene glycol

At present, the supply pressure of propylene glycol factories is still controllable, and the mentality of operators is cautious and mild. On the market, there is mostly a wait-and-see and stable mentality. The propylene glycol data analyst of Business Society believes that in the short term, the domestic propylene glycol market will mainly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.