Raw materials rise, inventory is low, propylene glycol price rises 15.38% in half a month

According to the monitoring data of the business agency, as of September 14, the average ex factory price of domestic propylene glycol referred to 9000 yuan / ton. Compared with September 7, the average price of domestic propylene glycol increased by 834 yuan / ton, or 10.20%. Compared with September 1, the average price of domestic propylene glycol increased by 1200 yuan / ton, or 15.38%.

 

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Raw materials rise and inventory low double support, propylene glycol from last week wide upward

 

In September, the overall market of propylene glycol went up. The raw material propylene oxide continues to rise, supporting costs continue to increase. Since April 4, the quoted prices of propylene glycol plants have been 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. Then the market as a whole stable operation.

 

On the 10th, due to the continuous rise of raw material propylene oxide, the increase of cost pressure again, and the shutdown of propylene glycol production units in some production areas, and the relative reduction of inventory, the ex factory offer price of propylene glycol factory increased significantly again by 500-1000 yuan / T. according to the data monitoring of the business agency, the average ex factory price of propylene glycol rose to 8733 yuan / ton on the 10th, compared with that of 1 day Compared with, the increase has reached 11.97%. The business operators are resistant to the high price, and the downstream enterprises mainly maintain the rigid demand procurement, and part of the periodic replenishment. At the end of last weekend, the Po of raw materials went up again, and the high-end quotation had exceeded 15600 yuan / ton. As of Monday, the ex factory price of propylene glycol in some factories increased again by 300-500 yuan / ton. The market prices in most parts of the country continued to rise. At present, as of the 14th, the average ex factory price of propylene glycol referred to 9000 yuan / ton, which was 270% higher than that on the 10th Compared with the first day, the average price was increased by 1200 yuan / ton, up 15.38%.

 

The current market prices of propylene glycol in some areas of China are attached (data for reference only, unit: yuan / ton)

 

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Product name up and down on 9 / 1 9 / 14

Propylene glycol in East China 8000 8700 + 700

South China 8300 9300 + 1000

Shandong area 7800 8900 + 1100

 

Upstream, propylene oxide showed an overall upward trend last week. During the week, the average price of propylene oxide rose around 600 yuan / ton. Some factories in Shandong Province were slightly lower. The on-site supply was tight, and the downstream just needed to replenish. The factory mentality was firm and the offer continued to rise. As of September 11, the reference price of propylene oxide was 14966.67 yuan / ton, which was 9.51% higher than that on September 1 (13666.67 yuan / ton).

 

The purchasing of propylene glycol mainly fluctuates in a narrow range in the near future

 

The raw materials are high and the cost is hanging upside down. Last week, the domestic propylene glycol market as a whole rose in a wide range, but the downstream demand did not significantly increase. It continued to focus on just need procurement, and there was a market rejection of high prices. Therefore, it is expected that the propylene glycol market will fluctuate in a narrow range in the near future.

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