According to the monitoring data of business society, as of January 11, 2022, the average ex factory price of domestic industrial grade propylene glycol is 15900 yuan / ton. Compared with the price on January 1, 2022 (the ex factory reference price of propylene glycol is 16400 yuan / ton), the average price is reduced by 500 yuan / ton, a decrease of 3.05%.

It can be seen from the data monitoring chart of business society that in January 2022, the focus of domestic propylene glycol market is under pressure. After the festival, propylene glycol plants in some parts of China resumed operation, and the expected supply on site increased. The downstream had a small stock before New Year’s day. The demand after the festival was general, the follow-up was insufficient, and the supply and demand support was insufficient. On the 5th, the propylene glycol factory reduced the ex factory price of propylene glycol by 200-300 yuan / ton. There was a strong wait-and-see mood in the downstream. On the 6th, The focus of propylene glycol market continued to move downward. The overall new order transactions in the venue were limited, the game between supply and demand appeared, and the propylene glycol market was in a stalemate. On the 11th, the ex factory price of propylene glycol in Shandong decreased slightly again, the downstream demand was cautious, and the transactions were cold. As of January 11, the average ex factory price of domestic propylene glycol was 15500-16500 yuan / ton and 15900 yuan / ton, a decrease of 3% compared with the beginning of the month.

In terms of index, the propylene glycol commodity index on January 10 was 205.56, the same as yesterday, 34.11% lower than the highest point 311.97 in the cycle (2021-10-27), and 105.56% higher than the lowest point 100.00 on September 2, 2020. (Note: the period refers to the period from September 1, 2020 to now)

In terms of upstream propylene oxide, recently (1.4-1.10), the market price of propylene oxide rose first and then stabilized. After the new year’s Day holiday, the price of raw propylene rose steadily, the cost support gradually increased, the downstream orders were released, the factory shipment improved, the inventory pressure was reduced, and the focus of market negotiation gradually increased. Near the weekend, the inventory was low, which supported the manufacturer’s mentality and supported the price offer. However, the demand end performance was cold, the market price was frozen and sorted out, and the operation was stable temporarily, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 10700-10800 yuan / ton.

Future trend analysis

At present, the supply side devices have been restarted one after another, the on-site supply pressure has increased, and the downstream demand side is calm. The propylene glycol data division of business society believes that in the short term, most of the domestic propylene glycol market will continue to operate weakly, and more attention should be paid to the specific changes at the supply and demand side.