According to the monitoring data of the business society, as of May 6, 2023, the market price reference of domestic industrial propylene glycol was 8666 yuan/ton, which was 67 yuan/ton lower than that on May 1 (the reference price of propylene glycol was 8733 yuan/ton), a decrease of 0.76%.
From the data monitoring chart of the Business Society, it can be seen that in the first week of May (5.1-5.6), the overall domestic propylene glycol market remained stable, with a weak consolidation operation. After returning from the May Day Labor Day holiday, the propylene glycol market in most regions of China has remained stable, with little change in market conditions compared to before the holiday. The narrow price reduction of some propylene glycol factories has driven the overall market to remain stable, moderate, and weak. As of May 6, the domestic propylene glycol market price is around 8500-8800 yuan/ton.
Analysis of Future Market Trends
At present, the trading atmosphere of propylene glycol on the market is average, and downstream demand is relatively light. New orders are mostly just in need of negotiation. The propylene glycol data analyst from Business Society believes that in the short term, the domestic propylene glycol market will mainly continue to consolidate and operate, and the specific trend still needs to pay more attention to changes in supply and demand news.
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