According to the monitoring data of business society, as of March 10, 2022, the average ex factory price of domestic industrial grade propylene glycol is 15333 yuan / ton. Compared with the price on March 6, 2022 (the ex factory reference price of propylene glycol is 15466 yuan / ton), the average price is reduced by 133 yuan / ton, a decrease of 0.86%.

It can be seen from the data monitoring chart of business agency that this week, the domestic propylene glycol market was weak and operated downward. At the beginning of the week (7th), the trading atmosphere in the propylene glycol yard was cold, the wait-and-see mood in the downstream was heavy, the buying sentiment was weak, and a small number of actual orders were followed up on demand. Affected by the insufficient support at the demand side, the propylene glycol market was weak and operated downward. The propylene glycol factory slightly reduced the ex factory price of propylene glycol by about 100-200 yuan / week, and then in the middle of the week, The domestic propylene glycol market continued to be weak, and the downstream demand was not significantly boosted. On the 10th, the domestic propylene glycol market fell again in a narrow range, and the offer prices of some propylene glycol factories were slightly reduced by about 100-200 yuan / ton. As of the 10th, the ex factory price of domestic propylene glycol was around 15100-15600 yuan / ton, and the overall decline in the week was 0.86%. At present, the trading atmosphere of propylene glycol is general, and the market is weak.

In terms of upstream propylene oxide, in March, the domestic propylene oxide market rose as a whole. In this week, the rise of propylene oxide slowed down. According to the data monitoring of business society, the reference price of propylene oxide was 12400 yuan / ton as of March 9, up 6.59% compared with March 1 (11633.33 yuan / ton).

Future trend analysis

At present, the downstream demand for propylene glycol continues to be weak, and the on-site wait-and-see mood does not decrease. The propylene glycol data division of business society believes that the propylene glycol market will mainly adjust and operate in a narrow range in the short term, and the specific trend needs to pay more attention to the basic changes in supply and demand and the follow-up of new orders.