According to the monitoring data of the business agency, as of August 31, the average ex factory price of domestic propylene glycol was referred to as 7800 yuan / ton, which was reduced by 300 yuan / ton or 3.70% compared with August 13.

Inventory pressure increased in late August, propylene glycol market downturn frequency fell

In the first ten days of August, the domestic propylene glycol market mainly operated stably. In late August, due to the increase in port deliveries, imported propylene glycol continuously impacted the domestic market, and the storage of propylene glycol in the yard kept accumulating, and the sales pressure increased accordingly. In order to alleviate the inventory pressure, factories and suppliers lowered the offer price of propylene glycol in many factories on the 17th, with a reduction range of 50-100 yuan / ton. Under the pressure of cost, the market fluctuated narrowly, and the offer remained firm again. Until near the end of a few days, the market is difficult to withstand inventory pressure, the overall market into a downward trend.

As of August 31, the reference factory price of propylene glycol in Shandong is around 7800-7900 yuan / ton; that in South China is around 8000 yuan / ton; and in East China, it is around 7700-7800 yuan / ton.

The current market prices of propylene glycol in some areas of China are attached (data for reference only, unit: yuan / ton)

Product name up and down on 8 / 30 / 8 / 31

Propylene glycol in East China 7800 7800

8000 8000 in South China

Shandong Province 7800 7800

On the upstream side, the market of propylene oxide rose sharply in August. Near the end of the month, the market went up slightly again. At present, the market transmission was positive. On the 25th, there was no pressure on the propylene oxide plant, which supported the manufacturers’ market mentality. The price rose to 13266.67 yuan / ton. On the 26th, the new orders of the factory were still smooth, and the offer rose slightly to 13333.33 yuan / ton. On the 27th, the overall production and sales of propylene oxide plant were still under no pressure, However, the new orders slowed down slightly and the market was high. On the 31st, the reference price of propylene oxide was 13600.00, up 21.79% compared with August 1 (11166.67).

It is expected that the price of propylene glycol will be weak in the short term

The continuous high level of raw material propylene oxide supports the cost of propylene glycol. It is estimated that the probability of a sharp decline in propylene glycol market in the near future is small, the downstream purchasing atmosphere is general, the export performance is flat, and the current inventory is still high. Therefore, it is expected that the propylene glycol market will be weak and stable in the short term. Under the cost pressure of some factories, the price may rise slightly.