According to monitoring data from Business Society, as of January 15, 2024, the reference market price of domestically produced industrial grade propylene glycol was 8066 yuan/ton. Compared with January 12 (reference price of propylene glycol was 8166 yuan/ton), the price was reduced by 100 yuan/ton, a decrease of 1.22%; Compared to January 1st (reference price of propylene glycol at 8300 yuan/ton), the price has decreased by 234 yuan/ton, a decrease of 2.81%.

From the monitoring chart of Business Society data, it can be seen that in early January, the domestic propylene glycol market as a whole was weak and had a downward trend. Entering this week, the overall decline in the propylene glycol market has not stopped. The atmosphere in the propylene glycol market is light, with flat new orders. The focus of the propylene glycol market continues to move towards a lower level, and some factories continue to lower their propylene glycol shipping prices by about 100-200 yuan/ton. As of January 15th, the domestic propylene glycol market price reference is around 7900-8200 yuan/ton. At present, the propylene glycol industry is trading actively, but the overall market trading is weak, and downstream users are cautious in purchasing just in need. The overall supply and demand transmission in the market is slow.

Market analysis of propylene glycol

At present, the overall performance of the domestic propylene glycol market is weak, with a strong wait-and-see sentiment on the market. Inquiries and transactions are both cautious, and the overall market demand performance is lacking. The propylene glycol data analyst from Shengyi Society believes that in the short term, the domestic propylene glycol market will mostly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.