According to the monitoring data of the business club, as of May 26, 2022, the average ex factory price of domestic industrial grade propylene glycol was 12733 yuan / ton. Compared with the price on May 1, 2022 (the ex factory reference price of propylene glycol was 11300 yuan / ton), the average price increased by 1433 yuan / ton, or 12.68%.

It can be seen from the data monitoring chart of business agency that in May, the domestic propylene glycol market showed an overall upward trend. In early May, after the labor day, the propylene glycol market was still in a weak downward channel, and the downstream demand was generally boosted after the labor day. The wait-and-see was strong. On the 10th, the ex factory price of domestic propylene glycol was around 11116 yuan / ton, a decrease of 1.62% compared with the beginning of the month. The rise of propylene glycol market mostly comes from the late may stage. With the increase of propylene glycol foreign trade orders and the improvement of export atmosphere, the factory has performed well in going to the warehouse, the confidence of operators has increased, and the offer price of propylene glycol factory has been rising continuously. As of the 26th, the cumulative increase range of domestic propylene glycol is around 1300-1800 yuan / ton, and the ex factory price has risen to around 12600-13000 yuan / ton, with an increase of more than 12% in the month. At present, the domestic propylene glycol market is mainly sorted out and operated, and some factories mainly deliver early orders. The trading atmosphere on the site is mild.

For upstream propylene oxide, as of May 25, the average price of propylene oxide enterprises was 11633.33 yuan / ton, an increase of 0.87% compared with the price on May 20. Recently (5.20-5.25), the propylene oxide market has been in a stalemate. The quotation of enterprises is mainly stable, and the prices of some enterprises have increased slightly. Recently, the market of raw material propylene has fallen, the price of raw material liquid chlorine has fallen after rising, the cost support has weakened, the supply side is mainly stable, and the inventory has accumulated slightly and slowly. However, the multi inventory pressure of manufacturers is controllable, which supports the market mentality. The downstream demand is cold, the procurement enthusiasm is weakened, and the market is in a stalemate. On the 25th, the mainstream quotation of propylene oxide Market in Shandong is around 10800-10900 yuan / ton.

Future trend analysis

At present, the propylene glycol on-site quotation is still stable, medium and strong as a whole. Some propylene glycol factories mainly deliver foreign trade orders, the inventory pressure is still small, and the domestic demand continues to be strong. The propylene glycol Data Engineer of business society believes that in the short term, the domestic propylene glycol market is mostly strong, mainly sorting and operation. The specific trend needs to pay more attention to the basic changes of supply and demand and the follow-up of new orders.