According to the monitoring data of business society, as of September 5, the average ex factory price of domestic industrial grade propylene glycol was 17033 yuan / ton. Compared with August 30 (propylene glycol reference price of 17288 yuan / ton), the average price was reduced by 255 yuan / ton, a decrease of 1.45% within the week, and 33 yuan / ton, a decrease of 0.20% within 30 days, compared with August 5 (propylene glycol reference price of 17066 yuan / ton).

Near the end of August, supported by the failure shutdown of propylene glycol units in Shaanxi and the reduction of propylene glycol supply in the yard, the domestic propylene glycol market corrected at the end of August.

In the first week of September, the domestic propylene glycol market fell as a whole. At the beginning of the week, the domestic propylene glycol on-site supply did not change much, and the factory operation did not change much. The downstream can continue the just needed procurement. The ex factory quotation of propylene glycol in Shandong is around 17300-17500 yuan / ton. In the middle of the week, some factories shipped slowly and gradually accumulated inventory. On the 1st, the ex factory price of propylene glycol decreased by 200-400 yuan / ton. After the price decreased, The downstream demand boost was not obvious, and the performance was still relatively cold. On the 2nd, the propylene glycol market fell slightly again. Until the weekend, the propylene glycol market was dominated by weak operation. By the end of the week, the ex factory price of propylene glycol in Shandong was around 16800-17200 yuan / ton. Compared with the beginning of the week, the price was reduced by 300-500 yuan / ton, and the domestic average price was 17033 yuan / ton. Compared with the beginning of the week, the average price was reduced by 255 yuan / ton, a decrease of 1.45% within the week.

In terms of upstream propylene oxide, the propylene oxide market first stabilized and then rose in the first week of September. At the beginning of the week, the mainstream quotation of propylene oxide Market in Shandong was around 15600-15700 yuan / ton, the factory inventory pressure was not large, the follow-up of new orders in the downstream was general, the market was flat, and it was temporarily stable. With the release of downstream demand, the factory inventory fell to a low level, the market rose, and the price rose slightly. At present, the mainstream quotation of propylene oxide Market in Shandong is around 15700-15800 yuan / ton.

Future trend analysis

At present, after the propylene glycol market fell within the week, the downstream wait-and-see attitude is still cautious, the transaction orders are general, and the supply side has not yet made significant performance in propylene glycol support. Therefore, the propylene glycol analysts of business society believe that the domestic propylene glycol market will fluctuate in a narrow range in the short term and adjust the operators.