According to the monitoring data of Business Society, as of August 31, the average ex-factory price of domestic propylene glycol was 7,800 yuan/ton. Compared with August 13, the average price Lowered by 300 yuan/ton, or 3.70%.
Inventory pressure increased, and the propylene glycol market slumped in late August and fell frequently
In early August, the domestic propylene glycol market was mostly operating stably. In late August, due to the increase in arrivals at ports, imported propylene glycol continued to impact the domestic market. On-site propylene glycol inventory continued to accumulate, and sales pressure increased accordingly. In order to alleviate inventory pressure, factories and suppliers lowered the offer price of propylene glycol from many factories on the 17th. , the reduction range is about 50-100 yuan/ton. Affected by cost pressure, the market price fluctuated within a narrow range and remained strong again. Until the last few days of the month, the market was unable to withstand the pressure of inventory, and the overall market entered a downward trend.
As of August 31, the reference ex-factory price of propylene glycol in Shandong is around 7800-7900 yuan/ton; the reference ex-factory price of propylene glycol in South China is around 8000 yuan/ton. Nearby; the ex-factory price of propylene glycol in East China is around 7700-7800 yuan/ton.
Attached is the current propylene glycol market price in some domestic regions (data is for reference only, unit: yuan/ton)</strong
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