According to the monitoring data of business society, as of February 9, 2022, the average ex factory price of domestic industrial grade propylene glycol is 17000 yuan / ton. Compared with the price on February 6, 2022 (the ex factory reference price of propylene glycol is 15633 yuan / ton), the average price is increased by 1367 yuan / ton, or 8.74%.

It can be seen from the data monitoring chart of the business agency that during the Spring Festival holiday, the domestic propylene glycol market kept stable, the downstream demand was basically suspended, and the on-site trading performance was calm. After the Spring Festival, the domestic propylene glycol units resumed operation one after another. The overall operating rate of the site was low, the supply pressure was small, the downstream started to improve after the festival, the demand side performed well, the replenishment atmosphere after the festival was good, and the trend of raw material propylene oxide after the festival was also strong. With the dual support of raw materials and demand, the domestic propylene glycol market rose significantly for the first time after the festival on the 9th, The biggest increase in a single day is 1600 yuan / ton. The ex factory price of propylene glycol in Shandong is around 16600-17700 yuan / ton. Some factories are closed and do not report, and the center of gravity of propylene glycol is strong and runs upward.

In terms of upstream propylene oxide, after the Spring Festival holiday, the domestic propylene oxide market generally rose. After the festival, the downstream demand side returned to work and production one after another. In the middle and lower reaches, just in need of replenishment was maintained, and the on-site trading atmosphere was acceptable. According to the data monitoring of business society, the reference price of propylene oxide was 11366.67 yuan / ton on February 9, up 0.59% compared with February 1 (11300 yuan / ton).

Future trend analysis

Future forecast: at present, after the Spring Festival, the propylene glycol factory has a compact order arrangement and the market is improving. The propylene glycol Data Engineer of the business society believes that the propylene glycol market is mostly high and strong in the short term. The specific trend also needs to pay more attention to the basic changes of supply and demand, the commencement of various units and the follow-up of new orders of the factory.