According to monitoring data from the Business Society, as of September 14, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 8716 yuan/ton. Compared with September 10 (propylene glycol reference price 8800), the price was reduced by 84 yuan/ton, a decrease of 0.95%.
From the data monitoring chart of the Business Society, it can be seen that this week (9.10-9.14), the overall domestic propylene glycol market showed a weak and declining trend. At the beginning of the week, the trading atmosphere on the propylene glycol market was average, with weak downstream demand. The overall supply of propylene glycol was under pressure, and the supply and demand transmission was relatively slow. At the beginning of the week, some propylene glycol factories narrowly lowered the shipping prices of propylene glycol by around 100-200 yuan/ton. As the weekend approaches, the trading atmosphere on the propylene glycol exchange has warmed up, and the market situation has slightly rebounded. As of September 14th, the domestic propylene glycol market price is referenced around 8700-8800 yuan/ton.
Analysis of Future Market Trends
At present, the trading atmosphere of propylene glycol on the market is mild, with new orders mainly discussed on the market, and the transmission from both supply and demand sides is still acceptable. The propylene glycol data analyst of the Business Society predicts that in the near future, the domestic propylene glycol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in news on the supply and demand side.
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