According to monitoring data from Business Society, as of August 10, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 8433 yuan/ton. Compared with August 6 (reference price of propylene glycol 7700), the price increased by 733 yuan/ton, an increase of 9.52%.

From the data monitoring chart of Business Society, it can be seen that this week (8.6-8.10), the domestic propylene glycol market as a whole has seen a broad upward trend. During the week, the supply side of propylene glycol in China was tight, and the sales of propylene glycol manufacturers remained stable. New orders were traded well on the market, and the cash flow of propylene glycol was tight. The operators had a good mentality. The upward trend in the raw material propylene oxide market also provides support for the cost of propylene glycol. Therefore, with the support of supply and demand as well as cost, the center of gravity of the propylene glycol market continues to rise, with a price increase of around 500 to 800 yuan/ton during the week. As of August 10th, the domestic propylene glycol market price is referenced around 8300 to 8500 yuan/ton, while the higher end price is referenced around 8800 yuan/ton.

Analysis of Future Market Trends

At present, the trading atmosphere in the propylene glycol market is good, and effective support on the market is still available. It is expected that in the short term, the overall high and stable operation of the domestic propylene glycol market will be the main trend, and the specific trend still needs to pay more attention to changes in supply and demand news.