According to monitoring data from Business Society, as of April 19, 2024, the reference market price for domestically produced industrial grade propylene glycol was 7666 yuan/ton. Compared with April 14 (reference price for propylene glycol was 7700 yuan/ton), the price decreased by 34 yuan/ton, a decrease of 0.43%. Compared to April 1st (reference price of propylene glycol at 7733 yuan/ton), the price has been reduced by 70 yuan/ton, a decrease of 0.86%.

From the data monitoring system of Business Society, it can be seen that this week (4.14-4.19), the overall domestic propylene glycol market continued to experience a weak decline. During the week, downstream demand for propylene glycol remained weak, with some propylene glycol factories accumulating inventory and overall supply pressure remaining on the premises. In addition, the weak market of epoxy propane on the raw material end has also loosened the cost support for propylene glycol. Therefore, under the pressure of multiple bearish factors, some factories have lowered the price of propylene glycol, and the overall focus of the propylene glycol market has once again adjusted downwards, with an adjustment range of around 50-100 yuan/ton. As of April 19th, the domestic propylene glycol market price is based on around 7500-7800 yuan/ton.

In terms of cost, the overall epoxy propane market has been declining recently. According to the data monitoring system of Business Society, on April 19th, the price of epoxy propane was referenced at 9137.50 yuan/ton, a decrease of 0.55% compared to April 14th.

Future analysis

At present, the trading atmosphere of propylene glycol on the exchange is relatively light, with average inquiries for new orders on the exchange. Downstream demand is mainly focused on purchasing according to demand. Business Society’s propylene glycol data analyst believes that in the short term, the propylene glycol market will mainly adjust weakly, and the specific trend still needs to pay more attention to changes in supply and demand news.