According to the monitoring data of the business agency, as of February 28, the reference ex factory price of domestic industrial grade propylene glycol was 15433 yuan / ton, which was up 2167 yuan / ton, or 16.33%, compared with February 1 (reference price was 13266 yuan / ton).
In February, domestic propylene glycol “Rose violently” and rose by more than 16% in the whole month
In late February, after the festival, the market of propylene glycol “rose strongly”. In terms of cost, driven by the rising price of raw material propylene oxide, the support of propylene glycol cost was strengthened, and the price of propylene glycol rose steadily. In terms of demand, domestic demand maintained just purchasing. Affected by foreign public affairs, the export trade of propylene glycol performed well, and the foreign trade demand helped the propylene glycol market to rise broadly On the 24th, the ex factory price of propylene glycol in Shandong Province rose to around 14800-15800 yuan / ton, and the high quoted price rose to 16500 yuan / ton. Then, the propylene glycol market ran steadily to the end of the month. On the 28th, the average ex factory price of domestic industrial grade propylene glycol was 15433 yuan / ton, up nearly 2200 yuan / ton, or more than 16% compared with the price at the beginning of the month.
In terms of raw materials, in February, the market of propylene oxide in Shandong Province rose sharply. According to the data of the business club, as of February 28, the average quoted price of propylene oxide enterprises was 18833.337 yuan / ton, up 2033 yuan / ton, or 12.1% compared with February 1 (16800 yuan / ton). At present, the propylene oxide manufacturers are still in a state of no pressure, the price support mentality still exists, most of the factory contracts are steadily promoted, the new order negotiation is higher and the feedback is smooth, the lower polyether level is high, and the wait-and-see mood increases.
The supply of propylene glycol is increasing in succession, and it may fall in the short term
In March, the large propylene glycol plants in Shandong Province resumed operation, the operating rate increased and the supply increased. The demand for propylene glycol raw materials in the domestic downstream unsaturated resin industry was still low, and the high market support mainly came from the export and cost aspects. In terms of cost, at the end of February, the rising trend of propylene oxide raw material slowed down, and the support for propylene glycol did not continue to increase Taking all the above into consideration, propylene glycol will continue to rise in the short term. Under the influence of insufficient power and increased supply, the market may show a clear and steady decline, with a slight negative drop.
| PVA |