According to the monitoring data of Business Club, as of September 9, the average ex-factory price of domestic propylene glycol was 8,100 yuan/ton. Compared with September 1, the average price Increased by 300 yuan/ton, or 3.85%.
With the strong support of raw material PO, the propylene glycol market began to rise in September
Entering September, the propylene glycol market began to rise. Driven by the continuous increase in the raw material propylene oxide, cost pressure continues to increase. Starting last week, the price offered by propylene glycol factories increased significantly by 400-800 yuan/ton, and the actual transaction price increased by 200-300 yuan/ton. Ton, the reference price is around 7900-8100 yuan/ton. Exports performed well last week. Just-in-time replenishment was recorded. Supply and sales were positive. The propylene glycol market stabilized until the middle of this week. In the past two days, early replenishment was basically completed. The industry was resistant to high prices. Just-in-time purchases were the main focus. The atmosphere somewhat weakened. On the 9th, the actual transaction volume of propylene glycol fell slightly, and many people on the market were waiting and sorting out. At present, the mainstream transaction price in the domestic propylene glycol market is 7800-8100 yuan/ton, which is slightly lower than last week by 50-100 yuan/ton.
Attached is the summary table of propylene glycol import and export data for July 2020
According to customs statistics, China’s total import volume of propylene glycol in July 2020 was 10076.2 tons, the cumulative import volume was 49339.15 tons, the import amount for the month was 9.6196 million US dollars, the cumulative import amount was 44.0574 million US dollars, the average import price for the month was 954.7 yuan/ton, the import volume was +11.59% month-on-month, and the import volume increased by +4.1 year-on-year %, and the cumulative import volume increased by 25.66% compared with the same period last year.
According to customs statistics, in July 2020, my country’s total export volume of propylene glycol for the month was 10,635.9 tons, and the cumulative export volume was 77,283.62 tons. The export value for the month was US$9.841 million, and the cumulative export value was US$79.7791 million. The average price was US$925.8/ton, the export volume increased by 13.17% month-on-month, the export volume decreased by 8.5% year-on-year, and the cumulative export volume increased by 15.96% compared with the same period last year.
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