According to the monitoring data of the business agency, as of April 12, the reference ex factory price of domestic industrial grade propylene glycol was 16766 yuan / ton. Compared with April 8 (reference price was 15333 yuan / ton), the average price increased by 1433 yuan / ton, or 9.35%. Compared with April 1 (reference price 15900 yuan / ton), the average price increased by 866 yuan / ton, or 5.45%.
|Azodicarbonamide (AC foaming Agent)|
Multiple positive factors supported propylene glycol’s 4-day rise by more than 9%
In April, the trend of raw material cyclopropane was weak, and the support for propylene glycol was reduced. Since the beginning of this month, the overall price of domestic propylene glycol market was weak and fell slightly. The transaction of low price propylene glycol was relatively smooth, and the stock pressure on the floor was small. Since the 8th, the price of propylene oxide, the raw material, has been continuously callback, and the support for the cost of propylene glycol has been gradually strengthened. In addition, the sudden increase of propylene glycol export orders has led to the low level of propylene glycol inventory in the market. The domestic downstream demand gap is large, and the factories sell more single products. The overall trading atmosphere of propylene glycol is still good, and the ex factory price of propylene glycol has risen sharply. On the 12th, the domestic propylene glycol market price continued to rise, Shandong wells propylene glycol factory price rose to 17000 yuan / ton, compared with the price of 15300 yuan / ton on the 6th, the price rose 1700 yuan / ton. At present, the reference factory price of propylene glycol in Shandong is around 16500-17000 yuan / ton. Compared with the 8th, the price has increased by 1200-17000 yuan / ton, and the average price has increased by 1433 yuan / ton, with an increase of more than 9% in 4 days. At present, the high-end quotation is 18000 yuan / ton, with few high-end price transactions, and the overall market trading atmosphere is tense.
In terms of raw materials, after the Qingming Festival, the market price of raw material propylene oxide rebounded slightly after reaching the bottom. After the festival, the factory pressure was relieved, and the market price rose slightly. The price remained stable at 17900-18000 yuan / ton at the weekend. At present, cyclopropane and its downstream derivatives are still generally at a relatively high level, domestic trade is cautious, terminal small band just need to purchase, propylene oxide factory inventory remains low, inventory pressure is small. The attitude of the operators is moderate.
Export is still good in the short term, propylene glycol changes limited, multidimensional stable high run
At present, the trading atmosphere of propylene glycol is fairly active. On the supply side, after an unexpected short stop in Shandong shidashenghua Jining production area, I heard that there is a plan to resume driving in the near future. The supply of propylene glycol will increase with the increase, but the export orders from the demand side are still supporting, and the propylene glycol inventory in the yard can still be at a low level. Therefore, business community propylene glycol analysts believe that in the short term, the fundamental changes in the propylene glycol market are limited, and the overall market is mostly stable and high-level operation. In particular, we need to pay close attention to the changes in the supply and demand side of cyclopropane as well as the changes in the mentality of practitioners.