Propylene glycol plummeted and rose sharply in the first quarter, and the export performance was bright

wallpapers Industry 2020-12-10

in the first quarter of 2015, China's propylene glycol market plummeted and rose sharply, first restraining and then rising. The performance of each month was different, with independent characteristics.

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in January were relatively weak, with periodic decline basically throughout the whole process, and repeatedly refreshed the new low since 2014. In the final analysis, on the one hand, the performance of propylene oxide, the main raw material, is flat, and propylene glycol lacks strong cost support; on the other hand, it is caused by its high price and weak supply and demand. After the

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return after the new year's day, Jiangsu propylene glycol traders carry goods around 9200-9300 yuan / ton, the factory directly delivers to the terminal 9000-9100 yuan / ton, and South China delivers 9300-9400 yuan / ton in cash. After a period of decline, each market suffered a setback to 8500 yuan / ton in late January. Near the end of the month, under the pressure of Po of raw materials, the manufacturers collectively stabilized the market, and the low-cost delivery of goods decreased. At the end of the month, the markets around 8600 yuan / ton.

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in February, due to the traditional Chinese Spring Festival, the overall trading days are less, but the price fluctuation of propylene glycol is still wide.

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in early February, propylene oxide continued to rise, which led to the rapid rebound of propylene oxide bottom. In addition, the load of propylene glycol industry dropped sharply. In the first ten days, only three mainstream factories in Shandong remained in normal operation. After the low price release, the inventory of each factory was released, and the collective price of the factory pushed up, and the transaction center shifted up narrowly. Of course, also because of the worry about the increase in inventory during the Spring Festival, manufacturers do not dare to blindly support the price pull up, still light warehouse trading every high order. In the first half of February, propylene glycol markets gradually transited from semi closed state to price free deadlock. Before the Spring Festival, traders in East China moved around 8750-8800 yuan / ton, while those in South China hovered around 8800 yuan / ton, and cash delivery was still at 8800 yuan / ton. After the festival, raw materials and manufacturers jointly soared, and the markets jumped rapidly to around 9200-9300 yuan / ton. However, the terminal continued to shut down, and the resumption of work was slow, and all markets felt that there was a price but no market.

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in March, propylene glycol market digest the rise, horizontal narrow volatility. The price of raw material Po has been rising in stages, and the cost pressure of propylene glycol industry is rising continuously. The demand for CO production of dimethyl carbonate has not improved. It is reasonable for the manufacturer to maintain the price of propylene glycol in order to balance profits. Moreover, the overall inventory of the industry is continuously controlled at the medium or lower level, which also lays the necessary foundation for the factory to support the price. However, in the last ten days of the year, the ability of receiving new orders in the industry has declined, and the attitude of manufacturers to support prices has weakened, and goods taking tends to be more flexible.

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are worth mentioning. From December 2014 to February 2015, China's total export of propylene glycol reached 33400 tons, a substantial increase of 53.89% year-on-year, which put considerable pressure on domestic trade sales of propylene glycol in China.


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