According to the monitoring data of business agency, as of February 22, the ex factory price of domestic industrial grade propylene glycol was 16600 yuan / ton. Compared with the price on February 1 (the ex factory average price of propylene glycol was 15633 yuan / ton), the average price increased by 967 yuan / ton, or 6.18%.

It can be seen from the data monitoring chart of business agency that the domestic propylene glycol market operated smoothly during the Spring Festival holiday in early February. After the end of the Spring Festival holiday, the domestic propylene glycol market ushered in a rising operation, and the on-site available spot was tight, supporting the firm quotation of the factory. From the 9th, the quotation of propylene glycol factory continued to rise. As of the 13th, the average ex factory price of domestic propylene glycol rose to around 17100 yuan / ton, with an increase of 9.38% in the first week after the festival. Subsequently, the downstream demand gradually opened. With the support of demand, the propylene glycol market continued to rise. As of the 15th, the ex factory price of domestic propylene glycol rose to around 17300-17700 yuan / ton, an increase of 12.37% in half a month.

In late February, the domestic propylene glycol market fell from a high level. After the domestic propylene glycol rose to a higher level, the wait-and-see mood in the downstream increased, the purchase rhythm slowed down, the transaction of new orders became weaker, and the propylene glycol market began to loosen and go down. On the 18th, the domestic propylene glycol market price fell back to around 16600-17300 yuan / ton, and the average price fell back to around 16900 yuan / ton. Then the market was temporarily consolidated and operated for a few days. On the 22nd, the inventory of some propylene glycol factories was under pressure, The ex factory price of propylene glycol was lowered again by around 100-300 yuan / ton. The ex factory price of propylene glycol in China was around 16400-16900 yuan / ton, and the average price was 16600 yuan / ton, with a decrease of 5.5% in the last ten days and an overall increase of 6.18% in February.

In terms of upstream propylene oxide, as of February 21, the overall market price of propylene oxide in Shandong was mainly rising. On February 21, the mainstream quotation of propylene oxide Market in Shandong was around 11800-11900 yuan / ton. According to the monitoring data of business agency, the reference average ex factory price of propylene oxide in Shandong was 11966.67 yuan / ton on the 21st, an increase of 5.9% compared with February 1 (11300 yuan / ton).

Future trend analysis

At present, the wait-and-see atmosphere in the downstream of propylene glycol is still strong, and the performance is generally boosted by the transaction of new orders on the floor. Propylene glycol analysts of business society believe that in the short term, the domestic propylene glycol market is mainly stable, sorted and operated, and more attention needs to be paid to the news changes of supply and demand.