Toluene diisocyanate manufacturer Knowledge Export orders are coming to an end, and the propylene glycol market is weakening

Export orders are coming to an end, and the propylene glycol market is weakening

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According to the monitoring data of Business Club, as of April 26, the ex-factory price of domestic industrial-grade propylene glycol was a reference price of 18,100 yuan/ton, which was the same as that on April 21 (reference price of 18,300 yuan/ton). Yuan/ton), the average price dropped by 200 Yuan/ton, a decrease of 1.09%. Compared with April 1 (reference price 15,900 yuan/ton), the average price increased by 2,200 yuan/ton, an increase of 13.84%.

In April, stimulated by the surge in export orders, the domestic inventory supply of propylene glycol was tight. In the past two weeks, the market price of propylene glycol rose sharply.

Export orders are coming to an end and the propylene glycol market is showing a weakening trend

At the beginning of last week, the market price of propylene glycol rose to a high point. On the 21st, the ex-factory price of propylene glycol rose to 18,000-18,600 yuan/ton, a sharp increase of 2,000-2,500 yuan/ton compared with the beginning of the month. The market subsequently entered a consolidation operation, approaching Over the weekend, propylene glycol export orders gradually decreased and were basically coming to an end. After export demand weakened, 5 domestic demand for propylene glycol maintained strong demand and it was difficult to support the propylene glycol market’s continued high operation. The propylene glycol market began to weaken, and some propylene glycol factories lowered the ex-factory price of propylene glycol. The reduction range is 200-300 yuan/ton. Currently, as of the 25th, the average ex-factory price of propylene glycol is 18,100 yuan/ton. Compared with the price on the 21st, the average price has been reduced by 200 yuan/ton, a decrease of 1.09%. It is the same as after the Qingming Festival (8 Compared with the price on the first day of the month, the average price increased by 2,800 yuan/ton, or 18.04% after the holiday; compared with the price at the beginning of the month (1st), the average price increased by 2,200 yuan/ton, or 13.84%.

On the upstream side, starting from last week, the propylene oxide market first stabilized and then rose. At the beginning of the week, the market was sorted out, and the market was mainly on the side of wait and see. The market was stable and then continued to rise. As factory inventories decline, downstream polyether orders have improved, driving market prices upward in a narrow range. Propylene oxide manufacturers have no pressure, and downstream needs to follow up and stabilize, supporting continuous price increases. On the 26th, the mainstream quotation in the propylene oxide market in Shandong was around 18,300-18,500 yuan/ton, and the mainstream quotation in the propylene oxide market in East China was around 18,500-18,700 yuan/ton.

The propylene glycol market has stabilized before Labor Day and adjustments are limited

At present, propylene glycol on-site inventory is gradually accumulating, and factory price adjustments are mostly to reduce inventory during May Day. On the demand side, downstream consumers are not very willing to stock up before Labor Day. In terms of raw materials, the price of propylene oxide, the cost raw material of propylene glycol, has rebounded, which has provided better support for propylene glycol. Therefore, from these two aspects, the propylene glycol analyst of SunSirs believes that the domestic propylene glycol market price has stabilized before Labor Day, and the market adjustment is limited.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/13140

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