According to monitoring data from Business Society, as of July 24, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 7433 yuan/ton. Compared with July 17 (propylene glycol reference price 7066), the price increased by 367 yuan/ton, an increase of 5.19%.

From the data monitoring chart of the Business Society, it can be seen that this week (7.17-7.24), the overall domestic propylene glycol market showed a steady upward trend. During the week, the overall supply side of the propylene glycol market was tight, with increased support from the supply side for propylene glycol. The slight fluctuation and increase in the raw material epoxy propane market also provided some cost support for propylene glycol. The propylene glycol market as a whole welcomed an upward trend. As of July 24th, the domestic propylene glycol market price was around 7400-7700 yuan/ton, with an increase of around 300-500 yuan/ton during the week. At present, the trading atmosphere of propylene glycol on the market is still good, and the wait-and-see sentiment in the market is becoming stronger after the market rises.

Analysis of Future Market Trends

At present, the overall supply side of the propylene glycol market is still relatively tight, and downstream new orders are slightly cautious. The propylene glycol data analyst at the Business Society believes that in the short term, the domestic propylene glycol market is mainly subject to narrow adjustment and operation, and the specific trend still needs to pay more attention to changes in supply and demand news.