The game of supply and demand in the propylene glycol market may rise first and then stabilize in August
2023/8/2
At the beginning of the month, the propylene glycol market was mixed, and the decline was greater than the rise. Due to the stable supply of propylene glycol and the sluggish end demand, the market inquiry was deserted and the transaction was weak. Later, due to the continuous rebound of the raw material cyclopropane, the manufacturer’s cost side was under pressure, the attitude of reluctance to sell increased, and the offer rose. The center of gravity of the propylene glycol market rose within a narrow range.
Next, the raw material cyclopropane rebounded in a narrow range, and the cost pressure of manufacturers increased, and the attitude of reluctance to sell increased, and the offer was firm; later, with the restart of some parked factories, the favorable supply weakened, and the downstream demand was difficult to increase. The enthusiasm of the terminal to purchase raw materials was limited. The overall lack of follow-up has led to the weak rise of propylene glycol, and the maintenance is mainly maintained.
In the middle of the month, the raw material cyclopropane continued to rise, the cost pressure of manufacturers continued to decrease, and the operation of some factories was unstable, and foreign trade export orders picked up. In addition, the co-production product dimethyl ester continued to be weak. Out of cost and profit considerations, manufacturers were reluctant to sell. The offer was strong, and the propylene glycol market center of gravity was firm and upward.
At the end of the month, as the center of gravity of the raw material cyclopropane fell, the cost support of propylene glycol decreased, and the parking device in the early stage was restarted, and the spot supply slowly increased. In addition, the terminal demand was sluggish, the market was full of wait-and-see sentiment, the enthusiasm for downstream procurement was not high, and the transaction of new orders was limited. As of the time of writing, the ex-factory price of mainstream factories in Shandong is around 7,500-7,700 yuan/ton, the negotiated price in East China market is 7,700-7,900 yuan/ton (delivered by acceptance), and the market price in South China is maintained at 7,700-7,900 yuan/ton (delivered in cash ).
In August, Shandong Wells plant stopped, and the supply was positive. As the supply of propylene glycol decreased, and the price of propylene glycol was at a historically low level in recent years, manufacturers were more reluctant to sell. A wave of gains. The main downstream unsaturated resin industry is in the traditional off-season, and the demand for raw materials is limited. Therefore, it is expected that the propylene glycol market will rise first and then stabilize in August. It is recommended to pay attention to the dynamics of new devices and downstream demand.
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