According to monitoring data from Business Society, as of March 13, 2024, the reference market price of domestically produced industrial grade propylene glycol was 7900 yuan/ton. Compared with March 10 (reference price of propylene glycol was 7950 yuan/ton), the price was reduced by 50 yuan/ton, a decrease of 0.63%. Compared to March 1st (reference price of propylene glycol at 8100 yuan/ton), the price has been reduced by 200 yuan/ton, a decrease of 2.47%.
According to monitoring data from Business Society, as of March 13, 2024, the reference market price of domestically produced industrial grade dimethyl carbonate was 3816 yuan/ton. Compared with March 1 (reference price of dimethyl carbonate was 3833 yuan/ton), the price decreased by 17 yuan/ton, a decrease of 0.43%.
From the two data monitoring charts of Shengyi Society on propylene glycol and dimethyl carbonate, it can be seen that in March, the domestic propylene glycol and dimethyl carbonate markets have shown a weak downward trend. After entering this week, the overall market situation of propylene glycol and dimethyl carbonate did not show significant improvement. The overall market for dimethyl carbonate shows a weak consolidation operation. The propylene glycol market has experienced a slight bearish decline, and the focus of market negotiations is moving downwards.
At present, in the production facilities of propylene glycol and dimethyl carbonate in China, the co production of the two still dominates. Therefore, the market trends of the two products have a mutual influence. The main influencing factors for the weak performance of both propylene glycol and dimethyl carbonate products this time are weak downstream demand, and the overall support provided by the demand side to the market is insufficient. There is some pressure on the overall shipment of propylene glycol and dimethyl carbonate, Therefore, the overall performance of the market is also weak. As of March 13th, the domestic market price of propylene glycol is around 7800-8000 yuan/ton, and the domestic market price of dimethyl carbonate is around 3600-4000 yuan/ton.
Future analysis
At present, the overall trading atmosphere in the propylene glycol and dimethyl carbonate markets is relatively light. The propylene glycol industry mainly ships, and the propylene glycol market price fluctuates narrowly overall. Downstream demand for dimethyl carbonate is also average, and the market is mainly weak and consolidating. Business Society’s propylene glycol and dimethyl carbonate data analysts believe that in the short term, the domestic propylene glycol and dimethyl carbonate markets will mainly operate through range adjustment, The specific trend still needs to pay more attention to the changes in supply and demand news.
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