According to the monitoring data of business society, as of April 27, 2022, the average ex factory price of domestic industrial grade propylene glycol is 11333 yuan / ton. Compared with the price on April 1, 2022 (the ex factory reference price of propylene glycol is 14133 yuan / ton), the average price is reduced by 2800 yuan / ton, a decrease of 19.81%.

It can be seen from the data monitoring chart of business agency that in April, the domestic propylene glycol market fell as a whole, with a large decline. At the beginning of the month, due to the impact of public health events, the logistics and transportation in many regions in China were limited, the circulation of raw materials was not smooth, the downstream start-up of propylene glycol was low, the downstream procurement pace of raw materials was slow, and the inventory pressure of propylene glycol factory was increasing. Therefore, from the 2nd day of the month, the domestic propylene glycol market began to run downward. As of April 15, the ex factory price of propylene glycol was reference 12533 yuan / ton, with a half month decrease of 11.32%.

In late April, the new single discharge volume of propylene glycol downstream was still limited. In addition, the propylene oxide Market at the raw material end was down, and the cost support was loose. From the 18th, the domestic propylene glycol market fell again, the supply and demand transmission in the field was deadlocked, the effective support of propylene glycol was insufficient, and the focus of trading continued to fall deeply. As of April 27, the ex factory price of domestic propylene glycol was around 11200-11500 yuan / ton, with a decline of nearly 20% in the month. At present, the overall trading atmosphere in the propylene glycol yard is still light, and the downstream goods are prepared carefully, focusing on actual order negotiation.

In the upstream propylene oxide Market, in April, the domestic propylene oxide market generally showed a downward trend. According to the data monitoring of business agency, the reference price of propylene oxide was 11666.67 yuan / ton as of April 26, down 3.05% compared with April 1 (12033.33 yuan / ton).

Future trend analysis

At present, the demand of propylene glycol market is mainly rigid demand, and the inventory pressure of propylene glycol in the field has been relieved to some extent. The propylene glycol Data Engineer of business society believes that in the short term, the domestic propylene glycol market is mostly stable, and the specific trend needs to pay more attention to the basic changes of supply and demand and the follow-up of new orders.