According to monitoring data from Business Society, as of March 18, 2024, the reference market price of domestically produced industrial grade propylene glycol was 7866 yuan/ton. Compared with March 11 (reference price of propylene glycol was 7950 yuan/ton), the price decreased by 84 yuan/ton, a decrease of 1.05%.

From the monitoring data of Business Society, it can be seen that in recent times, the overall domestic propylene glycol market has shown a weak and declining trend. The trading atmosphere in the domestic propylene glycol market is light, with cautious new orders. The overall downstream demand for propylene glycol is weak, and it is difficult for the demand side to provide effective support to the propylene glycol market. The overall performance of the propylene glycol market is under narrow pressure and downward, and the focus of market negotiations is moving downwards. As of March 18th, the domestic propylene glycol market price is around 7800-8000 yuan/ton, with a decrease of 1.05% within seven days.

Future analysis

At present, there is a strong wait-and-see sentiment in the propylene glycol market, and the downstream buying atmosphere is quiet and cautious. Some businesses have certain concerns about the future market. The propylene glycol data analyst from Shengyi Society believes that in the short term, the domestic propylene glycol market will mainly adjust within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.