According to the monitoring data of the Business News Agency, as of February 3, 2023, the reference market price of domestic industrial propylene glycol was 8066 yuan/ton. Compared with January 29 (the reference price of propylene glycol was 7900 yuan/ton), the price increased by 166 yuan/ton, or 2.11%.
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It can be seen from the data monitoring chart of the business agency that in the first week of the return of the Spring Festival holiday in 2023 (1.29-2.03), the domestic propylene glycol market as a whole rose and then remained stable. After returning from the beginning of the week, the downstream demand of propylene glycol market was moderate, and the on-site supply of propylene glycol was tight. After the festival, the market price ushered in a small and steady rise, with an increase of around 100-200 yuan/ton. Subsequently, the propylene glycol market stabilized and consolidated. As of February 5, the domestic market price of propylene glycol is around 7900-8200 yuan/ton.
Future trend analysis
At present, there is a certain wait-and-see mood in the downstream of the propylene glycol market, and the market is waiting for the downstream demand to continue to release. The propylene glycol statistician of the business agency believes that it is expected that the domestic propylene glycol market will mainly run with a small rise in February, and more attention should be paid to the change of information on the supply and demand side.
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