Positive concentration Propylene glycol is frequently available at high prices

After the Return of the National Day holiday, a variety of chemical products seem to be sitting on a rocket, and the rally is out of control. Propylene glycol is not far behind, after breaking through the historical high of 20,000 yuan, high prices are frequent. As of the close of trading on October 15, some factories have shouted a high price of 25,000 yuan. Can propylene glycol continue the myth and achieve good results?

The raw material propylene oxide is mainly rising after the festival, and some factory equipment maintenance or emergencies have driven its price to continue to rise. Next, raw material propylene is boosted by crude oil, it is difficult to fall sharply in the short term, the supply of liquid chlorine shrinks, the market is temporarily sideways, and the cost of raw materials is supported; the supply side, Xinyue, Jishen, and Changling are expected to be negative, but the new device in East China has a horizontal accident, while Shandong Jinling and Huatai have maintenance plans on the 20th of this month, Wanhua device is unstable, and the future market also has an overhaul plan, and next week's supply side is difficult to change the amount of contraction; demand side, East China new device accident fermentation, boost the mentality in the field, downstream panic, just need to get better. At present, the next market is still positive, and the market has upward momentum, but with the price pushing up, the downstream pressure capacity remains to be seen.

Propylene glycol spot tension may continue. A large part of the reason for the sharp rise in propylene glycol this time is because many factories before the holiday were affected by the "double control" and power rationing policies, resulting in an imbalance between supply and demand caused by tight prices. Shandong Wells will stop during the National Day, and whether it will be restarted at the end of October is unknown; in addition, a number of factories will enter the parking state: shaanxi Yulin plant is scheduled to stop around October 17, and Anhui Tongling and Shida Yankuang plants are also scheduled to stop around October 20, when the supply of propylene glycol market will be further reduced. With the increasingly tight liquid spot in the propylene glycol market, the mentality of holders to sell may intensify.

Downstream unsaturated resin passively follows, and the demand is stable. Recently, the prices of commodities such as crude oil and coal have continued to be high, and the impact of dual control and power curtailment has spread to upstream chemical raw materials. The main raw materials continue to rise, and the high level is firm in a short period of time, so from the perspective of raw materials, the comprehensive cost support is stable, and the resin cost pressure continues to rise. At present, the terminal performance is acceptable, October is still the tenth peak season of unsaturated resin silver, the domestic large infrastructure and real estate industry demand is stable, in the short term, the unsaturated resin market maintains a high level of strong operation, the market is difficult to pull back, do not rule out the possibility of continuing to rise in the later stage. In addition, with the decrease in temperature, the demand for propylene glycol in the foreign antifreeze industry has gradually entered the peak season, and the demand for foreign trade exports may increase accordingly.

In summary, propylene glycol currently has a good blessing in terms of cost, supply and demand, and it is difficult to think of price increases. Therefore, Jinlianchuang analysis believes that the short-term domestic propylene glycol market or will continue to be a strong trend, next, the new price high or will be generated, it is recommended to pay close attention to the factory equipment and raw material trend dynamics.