According to monitoring data from Business Society, as of June 7, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 7800 yuan/ton. Compared to June 1 (reference price of propylene glycol was 8033 yuan/ton), the price was reduced by 233 yuan/ton, a decrease of 2.90%.
From the data monitoring chart of the Business Society, it can be seen that entering June (6.1-6.7), the overall domestic propylene glycol market is showing a weak and declining trend. Entering June, the downstream demand for propylene glycol in China has not improved significantly, and the overall performance of the demand side is weak. On the cost side of raw materials, the decline in the market for epoxy propane also provides insufficient cost support for propylene glycol. Under the dual pressure of cost demand, the overall propylene glycol market continues to operate in a weak state. As of June 7th, the domestic market price of propylene glycol is around 7500-7800 yuan/ton. The higher price refers to 8200 yuan/ton.
Analysis of Future Market Trends
At present, the overall trading atmosphere in the domestic propylene glycol market is light, with average new orders on the market and slow and stagnant supply and demand transmission. It is expected that new production capacity will be put into operation on the market, and the overall supply side is relatively sufficient. According to the propylene glycol data analyst from Business Society, in the short term, the domestic propylene glycol market will mainly focus on regional consolidation and operation, and the specific trend still needs to pay more attention to changes in news on the supply and demand side.
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