According to the monitoring data of the business agency, as of September 9, the average ex factory price of domestic propylene glycol referred to 8100 yuan / ton. Compared with September 1, the average price of domestic propylene glycol increased by 300 yuan / ton, or 3.85%.
| EDTA |
Opening of propylene glycol rise in September under strong support of raw material Po
In September, propylene glycol market began to rise. Driven by the continuous rise of raw material propylene oxide, the cost pressure has been increasing. Since last week, the quoted price of propylene glycol plant has been greatly increased by 400-800 yuan / ton, and the actual transaction price has risen by 200-300 yuan / ton, with reference to 7900-8100 yuan / ton. Exports performed well last week, just need to fill the warehouse entry, supply and marketing spread positively, propylene glycol market stable sorting operation to the middle of this week, nearly two days, the early replenishment basically ended, the industry has a high price resistance psychology, just need to purchase mainly, the atmosphere has weakened. On the 9th, the actual transaction price of propylene glycol declined slightly, and the market was still waiting and finishing. At present, the mainstream transaction price of propylene glycol in the domestic market was 7800-8100 yuan / ton, which was slightly reduced by 50-100 yuan / ton compared with last week.
A summary of import and export data of propylene glycol in July 2020 is attached
Import export
Import volume in July: 10076.2 (tons) export volume in July: 10635.9 (tons)
Cumulative imports: 49339.15 (tons) cumulative exports: 77283.62 (tons)
Average import price of the month: 954.7 (USD / T) average export price of the current month: 925.8 (USD / T)
Month on month import volume was + 11.59% and export volume was + 13.17%
Year on year import volume + 4.1% year on year export volume: – 8.5%
The cumulative import volume was + 25.66% over the same period of last year, and the cumulative export volume was + 15.96% over the same period of last year
According to customs statistics, in July 2020, the total import volume of propylene glycol in China was 10076.2 tons, the cumulative import volume was 49339.15 tons, the import amount of that month was 9.6196 million US dollars, the cumulative import amount was 44.574 million US dollars, the average import price of that month was 954.7 yuan / ton, the import volume was + 11.59%, the import volume was increased by + 4.1% year-on-year, and the cumulative import volume was increased by 25.66% compared with the same period last year.
| EDTA 2Na |
According to customs statistics, in July 2020, China’s total export volume of propylene glycol was 10635.9 tons, the cumulative export volume was 77283.62 tons, the export amount of that month was 9.841 million US dollars, the cumulative export amount was 79.7791 million US dollars, the average export price of that month was 925.8 US dollars / ton, the export volume increased by 13.17%, the export volume decreased by 8.5%, and the cumulative export volume increased by 15.96% compared with the same period last year.
In the upstream, since the beginning of September, the domestic propylene oxide market continued to rise. In the traditional peak season, the domestic terminal demand continued to improve. The centralized replenishment of overseas polyether was still in progress. The overall supply of propylene oxide was tight, and the factory inventory was still not under pressure, which supported the manufacturers’ market mentality. As of September 8, the reference price of propylene oxide was 14466.67, which was 5.85% higher than that on September 1 (13666.67).
Cost support supply tightening demand weaken short-term propylene glycol market may narrow adjustment
It has been heard that some factories in Shandong have planned to stop and repair propylene glycol recently, so the supply of propylene glycol will be reduced. But at the same time, the demand for propylene glycol will be generally low. Under the weakness of supply and demand, the raw material propylene oxide will continue to be high, the cost pressure of propylene glycol will not be reduced, and the downward space is limited. It is expected that the propylene glycol market will be mainly adjusted in a stable and narrow range in the short term.
| Melamine |