According to monitoring data from Business Society, as of November 17, 2023, the market price of domestic industrial grade propylene glycol was referenced at 8033 yuan/ton. Compared with November 12 (reference price of propylene glycol is 8100 yuan/ton), the price was reduced by 67 yuan/ton, a decrease of 0.82%. Compared with October 1 (reference price of propylene glycol is 8466 yuan/ton), the price was reduced by 333 yuan/ton, a decrease of 5.12%

From the monitoring data graph of the Business Society, it can be seen that this week, the overall domestic propylene glycol market showed a weak decline, with limited downstream demand for propylene glycol, making it difficult for the demand side to provide effective support to the propylene glycol market. There were few new orders for propylene glycol, and the atmosphere of inquiries on the market was light, with a strong wait-and-see atmosphere. Due to demand constraints, during the week, some factories and suppliers with higher initial offers began to offer discounts and adjust the price of propylene glycol downwards by around 100-200 yuan/ton. As of November 17th, the domestic propylene glycol market price is based on around 8000-8100 yuan/ton, with lower end prices around 7800-7900 yuan/ton, and higher end prices around 8200-8300 yuan/ton.

Analysis of the Future Market of Propylene Glycol

At present, the overall operating rate of propylene glycol in China has not changed much this week, and the overall performance is not good due to the boost of downstream demand. The light demand side restricts the efficiency of factory operations, and there are certain concerns and wait-and-see emotions in the market. The propylene glycol data analyst from Business Society believes that in the short term, the domestic propylene glycol market will mainly adjust its operation in a narrow range, and more attention should be paid to the changes in cost and supply and demand information.