According to monitoring data from Business Society, as of January 5, 2024, the reference market price of domestically produced industrial grade propylene glycol was 8233 yuan/ton. Compared with January 1 (reference price of propylene glycol was 8300 yuan/ton), the price decreased by 67 yuan/ton, a decrease of 0.80%.

From the monitoring chart of Business Society data, it can be seen that this week (1.1-1.5), the overall domestic propylene glycol market showed a weak downward trend. Affected by the operation of propylene glycol units in some regions of China, the overall supply side production of propylene glycol has increased. Starting from the beginning of this week, the propylene glycol market has been weakly consolidating and operating, with a weak atmosphere in the market. New orders for propylene glycol have not been well executed, and the supply-demand contradiction has gradually emerged. Over the weekend, some propylene glycol factories and suppliers are under pressure to lower the price of propylene glycol, with a reduction of 100-200 yuan/ton. As of January 5th, the domestic propylene glycol market price reference is around 8100-8300 yuan/ton.

Market analysis of propylene glycol

At present, the inquiry atmosphere in the propylene glycol market is lukewarm, and the mentality of propylene glycol operators is average. Downstream wait-and-see sentiment is gradually increasing. The propylene glycol data analyst from Shengyi Society believes that in the short term, the domestic propylene glycol market will mainly adjust in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.