According to monitoring data from Business Society, as of December 14, 2023, the reference market price of domestically produced industrial grade propylene glycol was 8116 yuan/ton. Compared with December 7 (reference price of propylene glycol was 8100 yuan/ton), the price increased by 16 yuan/ton, an increase of 0.21%. Compared with December 1 (reference price of propylene glycol was 8066 yuan/ton), the price increased by 34 yuan/ton, an increase of 0.62%.

From the monitoring chart of Business Society data, it can be seen that this week (12.7-12.14), the overall domestic propylene glycol market saw a narrow and slight upward trend. During the week, the downstream demand of the domestic propylene glycol market continued to be mainly for rigid procurement, and some propylene glycol units in Shandong region were still under maintenance. The propylene glycol market remained stable, and there was no significant change in the overall supply and demand of propylene glycol plants. Some propylene glycol factories had decent shipments in the early stage, and the supply pressure gradually eased. As a result, factories raised the price of propylene glycol narrowly by 50 yuan/ton. As of December 14th, the domestic propylene glycol market price is based on around 8100-8200 yuan/ton.

Market analysis of propylene glycol

At present, the overall trading atmosphere in the domestic propylene glycol market is still good. The overall production of propylene glycol in the field is relatively low, and the supply side provides some support to the market. Some factories have tight spot prices, and the supply pressure is relatively small. Downstream demand is mainly cautious, while the overall support on the demand side is average. According to the propylene glycol data analyst from Business Society, in the short term, the domestic propylene glycol market will mostly operate with large stability and small fluctuations, The specific market trend still needs to pay more attention to the changes in supply and demand news.