According to the monitoring data of the business agency, as of April 26, the reference ex factory price of domestic industrial grade propylene glycol was 18100 yuan / ton. Compared with April 21 (reference price was 18300 yuan / ton), the average price of domestic industrial grade propylene glycol decreased by 200 yuan / ton, or 1.09%. Compared with April 1 (reference price 15900 yuan / ton), the average price increased by 2200 yuan / ton, or 13.84%.
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In April, stimulated by the surge of export orders, the domestic inventory supply of propylene glycol was tight. In the past two weeks, the market price of propylene glycol rose sharply.
Export orders are coming to an end, propylene glycol market has a weakening trend
At the beginning of last week, the market price of propylene glycol rose to a high point. On the 21st, the ex factory price of propylene glycol rose to 18000-18600 yuan / ton, which had increased by 2000-2500 yuan / ton compared with the beginning of this month. The market then entered the consolidation operation. Near the weekend, the export orders of propylene glycol gradually decreased, which was almost at the end of the day. After the export demand weakened, 5. The domestic demand of propylene glycol is hard to maintain the rigid demand, and the propylene glycol market continues to run at a high level. The market situation of propylene glycol is beginning to weaken. Some propylene glycol factories have reduced the ex factory price of propylene glycol by 200-300 yuan / ton. At present, as of the 25th, the average ex factory price of propylene glycol is 18100 yuan / ton, which is 200 yuan / ton lower than that of the 21st, with a decrease of 1.09%, Compared with the price after Qingming Festival (8 days), the average price increased by 2800 yuan / ton, or 18.04% after the festival; Compared with the price at the beginning of the month (1st), the average price increased by 2200 yuan / ton, or 13.84%.
On the upstream side, since last week, the market of propylene oxide has been stable first and then rose. At the beginning of the week, the market has been sorted out by game, mainly by wait-and-see, and the market has been stable. With the decline of factory inventory, the downstream polyether orders have improved, driving the market price up in a narrow range. The propylene oxide manufacturers have no pressure, and the downstream just need to follow up and stabilize, supporting the continuous price rise. On the 26th, the mainstream price of propylene oxide Market in Shandong was around 18300-18500 yuan / ton, and that in East China was around 18500-18700 yuan / ton.
Before labor day, the market of propylene glycol is mostly stable and the adjustment is limited
At present, the inventory of propylene glycol is gradually accumulated in the warehouse, and the factory price adjustment is mostly May 1 to reduce the inventory. In terms of demand, the downstream is not willing to prepare goods before labor day. In terms of raw materials, the cost of propylene glycol and the price of propylene oxide rebounded, and the support for propylene glycol was getting better. Therefore, from these two aspects, business community propylene glycol analysts believe that before labor day, the domestic propylene glycol market price is mainly stable, and the market adjustment is limited.
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