According to the monitoring data of the business agency, as of November 19, the ex factory price of domestic industrial grade propylene glycol was 12466 yuan / ton. Compared with November 17, the average price was increased by 1800 yuan / ton, or 16.87%; compared with November 1, the average price was increased by 3130 yuan / ton, or 33.57%.

Raw materials up, spot tension, propylene glycol ushered in “skyrocketing”

At the beginning of the month, the domestic industrial grade propylene glycol market was greatly affected by the raw material propylene oxide, the price fell slightly, and the market atmosphere was not good. Starting from the second week of November, the market trend of propylene oxide rebounded, and the rising range of propylene glycol affected by cost continued to increase. Until the middle of this week (18th), the factory price of domestic industrial grade propylene glycol increased sharply again by 1000-2500 yuan / ton. On the one hand, the reason for the sharp rise is the strong cost support given by the strong rise of raw material propylene oxide. On the other hand, due to the recent increase in foreign trade orders and the shortage of spot goods in the market, it is difficult to get a single order. The Data Engineer of the business agency learned from relevant people in the industry yesterday that at present, the market supply of propylene glycol basically relies on “grabbing”, and there is basically no stock in the market. At present, as of November 19, the ex factory price of domestic industrial grade propylene glycol is 12466 yuan / ton. Compared with November 17, the average price has increased by 1800 yuan / ton, or 16.87%; compared with November 1, the average price has increased by 3130 yuan / ton, or 33.57%.

Upstream, the beginning of this week, raw material propylene oxide market strong upward. As of November 19, the average price quoted by propylene oxide enterprises was 18033 yuan / ton, up 16.84% compared with last weekend (November 15). At present, the inventory of propylene oxide plant is not under pressure, part of the quantity is controlled, the inventory of raw materials downstream of the terminal is low, and the willingness to replenish is strong, which supports the price rise of propylene oxide. At present, the mainstream quotation of propylene oxide Market in Shandong is around 17500-19000 yuan / ton.

Low inventory pressure, propylene glycol short-term high operation

At present, the domestic industrial grade propylene glycol inventory pressure is basically not, the raw material support is strong, and the fundamentals are good. However, the hidden dangers brought by the large-scale surge can not be ignored, and the downstream or growing fear of heights, forming a cautious wait-and-see situation. Therefore, the business club propylene glycol data division believes that in the short term, propylene glycol market continues to run high and weak, and the overall high stable operation is given priority to.