According to monitoring data from Business Society, as of August 8, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 7866 yuan/ton. Compared with August 2 (reference price of propylene glycol 7700), the price increased by 166 yuan/ton, an increase of 2.16%.
From the data monitoring chart of Business Society, it can be seen that the domestic propylene glycol market has shown an overall upward trend in the recent period (8.2-8.8). At the beginning of the month, the overall supply of propylene glycol in China was tight, with tight spot circulation on the market. With no pressure on supply, some propylene glycol factories and suppliers raised the price of propylene glycol by around 200-300 yuan/ton, and the overall market situation saw an upward trend. As of August 8th, the domestic propylene glycol market price was referenced around 7800-8100 yuan/ton.
Analysis of Future Market Trends
At present, the trading atmosphere in the propylene glycol market is mild. It is expected that in the short term, the overall stability of the domestic propylene glycol market is mainly strong, and the specific trend still needs to pay more attention to changes in supply and demand news.
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