According to the monitoring data of the business agency, as of July 1, 2022, the average ex factory price of domestic industrial propylene glycol was 11866 yuan / ton, which was 934 yuan / ton lower than the price on June 26, 2022 (the ex factory reference price of propylene glycol was 12800 yuan / ton), a decrease of 7.29%.

It can be seen from the data monitoring chart of business agency that this week (6.27-7.1), the domestic propylene glycol market as a whole showed a downward trend. On June 27 at the beginning of the week, Shandong propylene glycol factory reduced the ex factory price of propylene glycol by 600 yuan / ton. The ex factory price of propylene glycol in this factory fell to about 11700 yuan / ton. Some other factories also reduced the ex factory price of propylene glycol by a narrow range of about 200 yuan / ton. Propylene glycol is operating downward as a whole. The propylene glycol market was weak in the middle of the week. The downstream demand side showed general performance. The trading atmosphere on the floor was cold and the wait-and-see mood was strong. On July 1, the propylene glycol market fell again, and some factories lowered the ex factory price of propylene glycol again by about 500 yuan / ton. As of the end of this week (July 1), the domestic ex factory price of propylene glycol was around 11000-12500 yuan / ton, with a decline of more than 7% during the week. At present, the on-site transactions are mainly negotiated, and the overall transactions of new orders are general.

The upstream propylene oxide market fell in June. In the first half of the month, the raw material propylene fell, the cost support was insufficient, the supply side was stable, the factory inventory was controllable, and the downstream reduction was followed up. The market was gradually under pressure, and the price stalemate of propylene oxide weakened. In the second half of the month, the price of raw propylene fell, factory shipments were flat, and some devices fluctuated, but the supply side was abundant, downstream demand was light, the reduction and price reduction followed up, and the purchase mentality was cautious, and the price of propylene oxide continued to decline.

Future trend analysis

At present, the trading atmosphere in the propylene glycol market is quiet, the factory mainly makes profits and ships, and the downstream demand for propylene glycol is still cautious. The propylene glycol datagrapher of business society believes that in the short term, the domestic propylene glycol market is mainly adjusted and operated in multiple ranges, and the specific trend also needs to pay more attention to the basic changes in supply and demand and the follow-up of new orders.