According to monitoring data from Business Society, as of December 6, 2023, the reference market price of domestically produced industrial grade propylene glycol was 8100 yuan/ton. Compared with December 1 (reference price of propylene glycol is 8066 yuan/ton), the price increased by 34 yuan/ton, an increase of 0.41%. Compared with November 15 (reference price of propylene glycol is 8033 yuan/ton), the price increased by 67 yuan/ton, an increase of 0.83%.
Looking back at November, the domestic propylene glycol market continued to be weak and declining, with weak downstream demand for propylene glycol and a lackluster atmosphere on the market. Supply side production was low, and the overall market showed a weak supply-demand trend. Entering December, at the beginning of the month, the propylene glycol market as a whole has experienced a narrow upward trend. The supply of propylene glycol on the supply side is relatively low, and some factories have less pressure to ship. In the case of downstream demand orders, the shipment price of propylene glycol has been raised narrowly, with an increase of about 50-100 yuan/ton. As of December 6th, the domestic propylene glycol market price reference is around 8050-8200 yuan/ton.
Market analysis of propylene glycol
At present, the overall trading atmosphere in the propylene glycol market is light, with downstream continuing to focus on on-demand procurement and cautious inquiries for new orders. The propylene glycol data analyst from Business Society predicts that in the short term, the domestic propylene glycol market will mainly adjust in a small range, and the specific market trend still needs to pay more attention to changes in supply and demand news.
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