According to the monitoring data of the business agency, as of November 12, the ex factory price of domestic industrial grade propylene glycol was 10666 yuan / ton. Compared with November 8, the average price was increased by 1566 yuan / ton, or 17.22%; compared with November 2, the average price was increased by 1333 yuan / ton, or 14.29%.
| Sodium Molybdate |
Raw material callback gives cost support, foreign trade orders increase, propylene glycol expands
This week, the overall domestic industrial grade propylene glycol market has been rising steadily, and the raw material propylene oxide has gradually risen after stopping the decline, which provides the cost support for propylene glycol. On the first two days of the week, the ex factory price of propylene glycol increased rationally, with the range of 200-600 yuan / ton. Starting from Thursday (November 12), the domestic propylene glycol market experienced a wide range of pull up, with a reference to the rising range of 500-1500 yuan / ton, driven by the continued warming of raw materials and the increasing demand from foreign trade export orders. At present, as of November 12, the ex factory price of domestic industrial grade propylene glycol is 10666 yuan / ton. Compared with November 8, the average price of domestic industrial propylene glycol has increased by 1566 yuan / ton, or 17.22%; compared with November 1, the average price has increased by 1333 yuan / ton, or 14.29%.
On the upstream side, the propylene oxide market trend continued to reverse this week. Some factories in some regions continued to raise the price of propylene oxide by 300 yuan / ton. It was heard that the new orders in the market were well transacted and the supply pressure was small. It is expected that the market will continue to rise in the short term. As of November 12, the mainstream quotation of propylene oxide market was around 15000-15800 yuan / ton, according to the data of the business club’s bulk list.
Low inventory propylene glycol short-term high operation
At present, the overall inventory of domestic industrial grade propylene glycol is low, and the sales pressure is small. It is heard that some factories may be closed in the near future. Therefore, the propylene glycol Data Engineer of the business society believes that the propylene glycol market will be high and strong in the short term.
| povidone Iodine |