According to the monitoring data of the business agency, as of November 10, the ex factory price of domestic industrial grade propylene glycol was around 9466 yuan / ton, with an average price increase of 366 yuan / ton, or 4.03%, compared with November 8, and 133 yuan / ton, or 1.43%, compared with November 1.

Supply is tight, propylene glycol rational callback factory quotation

After several days of weak decline, the domestic industrial propylene glycol market is looking forward to rising. Since the end of last week, the propylene glycol industry has already expected to adjust prices. In this week, the decline of propylene oxide stopped, and the cost support for propylene glycol has been improved. In addition, the current market supply of propylene glycol is tight, the inventory is low, and the supply pressure is small, and the factory is reluctant to sell On the 9th and 10th, the quoted price of propylene glycol in the factory increased continuously, and the downstream side mainly continued to purchase on rigid demand. Therefore, this round of price correction is relatively rational, with the range of 200-600 yuan / ton. At present, as of November 10, the ex factory price of domestic industrial grade propylene glycol is around 9466 yuan / ton. Compared with November 8, the average price has increased by 366 yuan / ton, or 4.03%; compared with November 11 and 1, the average price has increased by 133 yuan / ton, or 1.43%.

Upstream, in recent two days, the domestic propylene oxide market has stopped falling and is expected to have a strong trend. Some factories in some regions have raised the price of propylene oxide by 200-400 yuan / ton. At present, the trend of the market is getting warmer. According to the data from the large list of business associations, as of November 10, the mainstream quotation of propylene oxide Market is around 14500-15000 yuan / ton.

Internationally, WTI December 2020 futures rose $3.15 per barrel on Monday (November 9), while Brent’s January 2021 futures rose $2.95 to $42.40 per barrel. China’s main SC crude oil futures contract 2101 fell 0.2 yuan / barrel to 243.2 yuan / barrel.

Demand for more than a narrow range of propylene glycol Market

At present, the raw material support of propylene glycol market may gradually improve, but those who just need to purchase continue to offer higher prices for fear of aggravating the downstream wait-and-see mood and forming a resistance to high prices. Therefore, the propylene glycol data analyst of the business agency believes that in the short term, the propylene glycol market will be limited in breadth, and the market will mainly fluctuate in a narrow range.