According to the monitoring data of the business community, as of March 22, the reference price of domestic industrial grade propylene glycol was 16000 yuan / ton, which was 300 yuan / ton lower than that of March 15 (16300 yuan / ton), a decrease of 1.84%. Compared with March 1 (reference price 15433 yuan / ton), the average price increased by 567 yuan / ton, or 3.67%.
In early March, the domestic propylene glycol market rose significantly. The average ex factory price of propylene glycol increased from 15433 yuan / ton at the beginning of the month to 16300 yuan / ton. The average price increased by nearly 900 yuan / ton, with an increase of more than 5% in half a month.
High disk integer in late March after propylene glycol market shock down
In late March, the propylene glycol market was consolidation at a high level. A few days later, the market entered a stage of shock adjustment. On the 16th, the quotations of some factories and cargo holders in Shandong were slightly reduced, with a downward range of about 200-500 yuan / ton. Subsequently, the market offer remained stable. On the 19th, the latest spot offer price of a large manufacturer in Shandong was lowered again by 300 yuan / ton. On the 22nd, the actual transaction price of propylene glycol market of some dealers in Shandong continued to yield a small profit, and the price was loosened, with a decrease of 100-200 yuan / ton. At present, in terms of propylene glycol supply, some manufacturers mainly deliver foreign trade orders, and the domestic market is in decline Many industries continue to purchase from rigid demand. As of the 22nd, the factory price reference of domestic propylene glycol was about 15800-16300 yuan / ton, and the average price reference was 16000 yuan / ton. Compared with the current market high of this month (16300 yuan / ton on the 15th), the price decreased by 300 yuan / ton, and compared with the price at the beginning of this month (15433 yuan / ton on the 1st), the price increased by 567 yuan / ton, up 3.67% at present.
In terms of raw materials, in late March, the market of propylene oxide in Shandong Province was stable, moderately strong, and the market of propylene oxide fluctuated slightly. At present, the supply of propylene oxide was slightly tight, and the operators were more cautious to watch the start-up trend of new units. At present, the price of propylene oxide is at a high level. As of the 22nd, the factory price of propylene oxide in Shandong is 19500-20300 yuan / ton, and the average price is 20100 yuan / ton, up 6.73% compared with March 1 (18833.33 yuan / ton).
The fundamentals are relatively stable, and the future market adjustment is limited, which will stabilize after falling
At present, the trading atmosphere of propylene glycol in the market is acceptable, the supply and demand side is basically stable, and the possibility of the market continuing to decline is small. The propylene glycol analysts of the business community believe that in the short term, the propylene glycol market will be able to maintain the trend of stabilization after the decline, and the specific market still needs to pay close attention to the changes of cyclopropane and supply and demand.
| PVA |