Recently, due to the increase in supply, the price of raw materials has fallen, the downstream purchasing intention is sluggish, and the price of propylene glycol is still relatively weak, falling nearly 500 yuan/ton compared with the average price of last month and nearly 12000 yuan/ton compared with the same period last year.

At present, Shandong propylene glycol evaluation reference company discussed the acceptance factory of 7800-8100 yuan/ton, and the current exchange rate is close to 100-200 yuan/ton; The East China market evaluation refers to the acceptance of 8100-8200 yuan/ton, and the current exchange rate is lower than 100-200 yuan/ton. In 2022, domestic propylene glycol supply and demand will change. In general, domestic supply increased and downstream demand weakened. There was no obvious breakthrough in the golden nine silver ten stage, and the narrow range fluctuated around 8000 yuan/ton. In 2022, the price fluctuates greatly. The lowest point in the year is 7200 yuan/ton, down 58.1% from the highest point in the year, and down 70.6% from the highest point in the past five years. The price fell sharply,
There are three main reasons:
1. Hunan Yueyang Changde, Tianjin Bohai Chemical, Shandong Feiyang, Haike Sipai, Qixiang Tengda and other new equipment have been put into production, with sufficient market supply, sufficient supply and demand balance, and extensive supply and demand balance;
2. The price of raw material propylene oxide fell, the cost support was weak, the downstream wait-and-see comprehensive profit margin increased, and the purchase intention was sluggish;
3. The domestic epidemic situation is repeated, the demand of downstream UPR and PPG terminal industries is weak, the demand for procurement is slowly digested, the factory is under great pressure for shipment, and the profit is mainly from shipment;
Price market of propylene glycol mainstream area

East China: propylene glycol market deadlock in East China. At present, terminal demand is flat, downstream demand procurement remains unchanged, and the negotiation atmosphere is general. The East China market is evaluated to be delivered at the acceptance price of 8100-8200 yuan/ton. The spot exchange price is lower than 100-200 yuan/ton. Market changes are subject to actual transactions.
South China: At present, the propylene glycol market in East China is in a stalemate. At present, the terminal demand is flat, the downstream just needs procurement, and the negotiation atmosphere is general. The East China market assessed that the delivery was accepted at 8100-8200 yuan/ton, and the spot exchange price was lower than 100-200 yuan/ton. Please refer to the actual transaction.

Supply and demand analysis
Propylene oxide: This week, the domestic propylene oxide market was waiting for the integrated operation. The transportation of some production equipment was limited, stable and weak. The expectation of products in the new equipment week was waiting. The purchasing sentiment on the downstream demand side was not high. Wait and see. The inventory pressure in the factory was not high temporarily, and the market was stable and weak.
Elastomer polyether: the price of elastomer in the East China market is 10100-10400 yuan/ton in barrels, which will be discussed in detail. At the beginning of the week, the market was cautious and divergent. Some factories were in the market. The focus of low prices in the spot market moved up in a narrow range, and the middle and lower reaches did not buy too much; At present, the price difference between multiple sources of goods still exists, and the product profit is meager. We still need to pay close attention to the guidance of large factories and raw materials.
Future market forecast
In November, from the perspective of supply, Haike Sipai device is planned to be put into production at the beginning of next month, while the overall supply of Dongying Shunxin, Shaanxi Yulin Yunhua parking and maintenance, Shandong Wells load reduction operation, Anhui Tongling Jintai, and Hunan Yueyang Changdeku parking and maintenance plans is tight. The propylene oxide market at the raw material end still has room for decline, with weak cost support. In terms of demand, the follow-up of terminal demand is average, the downstream procurement atmosphere is flat, and the market atmosphere is just needed. Import supply is expected to remain stable. With the advantage of domestic price advantage, it is expected that exports will remain strong. It is comprehensively estimated that the domestic propylene glycol market demand is dominant, the factory is operated at intervals, and the shipment is dominant. The domestic spot price is 7700-8500 yuan/ton.
Shandong: At present, Shandong propylene glycol market is in a deadlock. At present, terminal demand is flat, downstream digestion and supply are slow, and the negotiation atmosphere is boring. Shandong propylene glycol evaluation reference 7800-8100 yuan/ton rate is lower than 100-200 yuan/ton.