According to the monitoring data of the business agency, as of November 5, the ex factory price of domestic propylene glycol was referred to near 9100 yuan / ton, and the average price was reduced by 233 yuan / ton, or 2.50%, compared with November 1; and the average price was reduced by 66 yuan / ton, or 0.73%, compared with November 1.
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Raw materials fell support weakened, propylene glycol market weakness fell
In November, the domestic propylene glycol market was weak as a whole, and the cost support of propylene glycol gradually weakened due to the sharp decline of raw material propylene oxide. At present, the factory inventory is normal, downstream purchasing is maintained, and the export is slightly improved, but it is not enough to support the continuous high price offer of propylene glycol. Some propylene glycol factories have reduced their prices for shipment, and the low-end quotation has floated out of the market. At present, the overall domestic propylene glycol market has declined slightly, the overall trading atmosphere of the market is weak, and the wait-and-see mood increases. As of November 5, according to the monitoring data of the business agency, the ex factory price of domestic propylene glycol is around 9100 yuan / ton. Compared with November 1, the average price of propylene glycol is reduced by 233 yuan / ton, or 2.50%. Compared with November 1, the average price is reduced by 66 yuan / ton, up 0.73%.
Upstream, the domestic propylene oxide market continued to fall sharply since November. As of November 5, the average price quoted by propylene oxide enterprises was 16466.67 yuan / ton, a decrease of 1300 yuan / ton or 7.14% compared with November 11, according to the large list data of business associations. At present, the market has a strong wait-and-see mood, and the operators are cautious in their operation.
The wind direction tends to be downward as a whole, and the future market may continue to be weak
At present, the overall trend of the market tends to be downward, and the operators are more cautious to wait and see, and the downstream rigid demand is the main factor. The propylene glycol data analyst of the business agency believes that the propylene glycol market may continue to be weak in the short term and adjust its operation in a narrow range.
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