According to the monitoring data of business society, as of May 12, 2022, the average ex factory price of domestic industrial grade propylene glycol is 11433 yuan / ton. Compared with the price on May 7, 2022 (the ex factory reference price of propylene glycol is 11100 yuan / ton), the average price is increased by 333 yuan / ton, or 2.39%. Compared with the price on May 1, 2022 (the ex factory reference price of propylene glycol is 11300 yuan / ton), the average price is increased by 133 yuan / ton, or 1.18%.

It can be seen from the data monitoring chart of business agency that the domestic propylene glycol market showed a downward trend in the first week of May. At the beginning of this week, the transaction volume of propylene glycol market was light, the downstream demand was limited, and the propylene glycol market continued to decline. On the 10th, the ex factory price of domestic propylene glycol fell to the current low point in May, with the price near 11116 yuan / ton and the low-end price around 10850 yuan / ton. In the middle of the week, on the 11th and 12th, the propylene glycol market finally warmed up. Some propylene glycol factories in Shandong raised the ex factory price of propylene glycol by 200-500 yuan / ton. The increase of propylene glycol foreign trade export gave the operators confidence, the trading atmosphere on the floor improved, the factory inventory pressure decreased, and the transaction focus of propylene glycol increased. As of the 12th, the ex factory price of domestic propylene glycol is around 11300-11600 yuan / ton. At present, the atmosphere in the propylene glycol venue is mild, and the wait-and-see mood in the downstream is relieved.

The price of propylene oxide temporarily fell by 4.04% compared with that in the upstream market on May 11. At present, the price of raw material propylene is weak, the price of liquid chlorine is rising, the pressure on the cost side remains, most of the devices in the field operate at a slightly low load, and the supply side is reduced, but the demand side is cold, the enthusiasm for inquiry and procurement is general, and the focus of market negotiation is temporarily stable. It is expected that in the short term, the propylene oxide market may be stable.

Future trend analysis

At present, the consolidation operation after the rise of the raw material end gives propylene glycol cost support, and the atmosphere in the propylene glycol field has also warmed up. The propylene glycol data division of the business society believes that in the short term, the domestic propylene glycol market is mainly stable, medium and strong, and the specific trend needs to pay more attention to the basic changes in supply and demand and the follow-up of new orders.