According to monitoring data from Business Society, as of September 7, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 8800 yuan/ton. Compared with September 3 (reference price of propylene glycol 8600), the price increased by 200 yuan/ton, an increase of 2.33%.
From the data monitoring chart of Business Society, it can be seen that in the first week of September (9.3-9.7), the domestic propylene glycol market as a whole showed an upward trend. This week, the trading atmosphere on the propylene glycol market was good, with new downstream orders relatively stable. The overall focus of the propylene glycol market remained stable and continued to operate slightly stronger. Some propylene glycol factories have raised the price of propylene glycol by around 200 yuan/ton. As of September 7th, the domestic propylene glycol market price has been considered around 8700-9000 yuan/ton.
Analysis of Future Market Trends
At present, the mentality of propylene glycol field operators is good, and downstream demand is mainly for stable orders. It has been heard that some factories have recently planned parking and maintenance, and it is expected that the overall supply side pressure will be relatively small in the short term. Therefore, the propylene glycol data analyst from Business Society predicts that in the near future, the domestic propylene glycol market will mainly operate in a stable, medium, and strong manner, and the specific trend still needs to pay more attention to changes in supply and demand news.
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