According to monitoring data from Business Society, as of January 10, 2024, the reference market price of domestically produced industrial grade propylene glycol was 8166 yuan/ton. Compared with January 5 (reference price of propylene glycol was 8233 yuan/ton), the price decreased by 67 yuan/ton, a decrease of 0.81%; Compared to January 1st (reference price of propylene glycol at 8300 yuan/ton), the price has been reduced by 134 yuan/ton, a decrease of 1.61%.
From the data monitoring chart of Business Society, it can be seen that as we enter this week, the overall domestic propylene glycol market continues to show a slight downward trend. Part of the equipment in the propylene glycol field has started operation, and the overall supply of propylene glycol has increased. The pressure on the supply side of propylene glycol in the field has increased, and downstream demand for propylene glycol is weak, with average new orders. The supply and demand transmission of propylene glycol is slow. Therefore, this week, some propylene glycol factories will continue to narrow down the shipment price of propylene glycol by 100 yuan/ton. As of January 10th, the domestic propylene glycol market price is around 8100-8200 yuan/ton.
Market analysis of propylene glycol
At present, the trading atmosphere of propylene glycol on the market is relatively light, and downstream users mainly purchase according to demand. There is a certain wait-and-see sentiment in the market. The propylene glycol data analyst of Business Society believes that in the short term, the domestic propylene glycol market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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