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[Industry Focus]：Propylene glycol prices are weak, supply and demand are weak.

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Recently, due to the increase in supply, raw material prices fell, downstream procurement intentions are sluggish, and propylene glycol prices are still relatively weak, compared with the previous month's average price fell nearly 500 yuan/ton, compared with the same period last year fell nearly 12000 yuan/ton.

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At present, Shandong propylene glycol evaluation reference companies discuss 7800-8100 yuan/ton acceptance plant, the current exchange rate is close to 100-200 yuan/ton; East China market evaluation reference 8100-8200 yuan/ton acceptance, the current exchange rate is lower than 100-200 yuan/ton. In 2022, the domestic supply and demand of propylene glycol will change. Overall, domestic supply increased and downstream demand weakened. There was no obvious breakthrough in the ten stages of gold, nine and silver, and the narrow fluctuation hovered around 8000 yuan/ton. In 2022, prices were volatile, with the lowest point of the year at 7200 yuan/tonne, down 58.1 per cent from the highest point of the year and 70.6 per cent from the highest point of the last five years. prices have fallen sharply,

there are three main reasons for

: 1. Hunan Yueyang Changde, Tianjin Bohua, Shandong Feiyang, Haike Sipai, Qixiang Tengda and other new equipment have been put into production one after another, with sufficient market supply, sufficient supply and demand balance, and extensive supply and demand balance. 2. The price of raw material propylene oxide has fallen, the cost support is weak, the downstream comprehensive profit margin has increased, and the purchasing intention has been depressed, profits are mainly shipments.

Propylene Glycol Mainstream Zone Price Market,

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East China: East China propylene glycol market deadlock. At present, the terminal demand is flat, the downstream demand procurement remains unchanged, and the negotiation atmosphere is general. East China Market Assessment is delivered at a acceptance price of 8100-8200 yuan/ton. The spot price is less than 100-200 yuan/ton. Market changes are subject to actual transactions.
South China: The current East China propylene glycol market stalemate finishing. At present, the terminal demand is flat, the downstream just need to purchase, the negotiation atmosphere is general. East China market assessment to 8100-8200 yuan/ton acceptance delivery, the spot price is lower than 100-200 yuan/ton. Please refer to the actual transaction.

Supply and Demand Analysis of

propylene oxide: This week, the domestic propylene oxide market wait-and-see integration operation, individual production equipment transportation is limited, overall stability, weak transportation, wait-and-see new equipment weekly memory product expectations, downstream demand side procurement sentiment is not high, wait-and-see, temporarily in the factory inventory pressure is not big, the market stability is weak.
Elastomer Polyether: East China Market Elastomer Price 10100-10400 Yuan/Ton Barrel, Specific Discussion. At the beginning of the week, the market cautious differences, some factories, the spot market low-cost center of gravity narrow upward shift, the middle and lower reaches of the buy is not high;

November
, from the supply side, the Haikesi plant is planned to be put into production early next month, while Dongying Shunxin, Shaanxi Yulin Yunhua parking maintenance, Shandong Wells burden reduction operation, Anhui Tongling Jintai, Hunan Yueyang Changde library parking maintenance plan in the middle and late of the overall supply is tight. Raw material end epoxy propane market still has downward space, cost support is weak. On the demand side, the terminal demand follows up in general, the downstream purchasing atmosphere is flat, and the market atmosphere is just needed. Import supply is expected to remain stable. With the advantage of domestic price advantage, exports are expected to remain strong. It is estimated that the domestic propylene glycol market demand is dominant, the factory runs at intervals, and the domestic spot price is 7700-8500 yuan/ton.

Source: Molecular Society

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