1-Methoxy-2-propyl acetate

PGMEA (Propylene Glycol Methyl Ether Acetate) Recent Commodity Market Intelligence Report

I. Market Price Dynamics

1. Benchmark Price Fluctuations:
- On July 28, 2026, the Ebonex (Shengyisi) benchmark price for PGMEA stood at RMB 9,540.00 per metric ton, representing a 0.21% decline from the beginning-of-month price of RMB 9,560.00 per metric ton; however, it rose by 3.25% compared to the previous day’s benchmark price of RMB 9,240.00 per metric ton (July 27).
- This indicates notable short-term price volatility.

2. Enterprise-Specific Quotation Variations:
- Significant price discrepancies exist among different manufacturers and production origins. For instance, Shandong Yushuo Chemical Co., Ltd. quoted RMB 10,100 per metric ton, whereas Hubei Qibajiu Chemical Co., Ltd. quoted only RMB 6,000 per metric ton.
- Even within the same enterprise, quotations vary across brands or origins: Shandong Zhihengda Import & Export Co., Ltd. priced its domestically produced PGMEA at RMB 11,000 per metric ton, while its ‘Tianyin’ brand product was quoted at RMB 6,700 per metric ton.

3. Price Range:
- Recent market quotations span a wide range—from RMB 6,000 to RMB 11,000 per metric ton—reflecting the complexity and heterogeneity of supply-demand dynamics in the market.

II. Supply-Demand Analysis

1. Supply Situation:
- Multiple PGMEA producers operate in the domestic market, with varying production capacities. Major enterprises—including Jiangsu Denan Chemical Co., Ltd. and Jiangsu Hualun Chemical Co., Ltd.—possess substantial production capacity and significant market share.
- The relatively high quotations offered by certain manufacturers may reflect superior product quality or temporary supply constraints.

2. Demand Situation:
- PGMEA is widely applied across multiple sectors—including semiconductor manufacturing, flat-panel displays, coatings, and inks—where demand continues to grow steadily.
- Advancements in semiconductor fabrication processes and upgrades in flat-panel display technologies are further driving demand for high-purity PGMEA.

III. Key Market Influencing Factors

1. Raw Material Costs:
- Primary raw materials for PGMEA production—propylene oxide and acetic acid—are highly sensitive to crude oil price fluctuations. Recent geopolitical conflicts have triggered upward pressure on crude oil prices, potentially elevating PGMEA production costs.

2. Environmental Regulations:
- Increasingly stringent environmental standards worldwide are compelling manufacturers to adopt greener production technologies and raw materials—impacting both production costs and overall market supply.

3. International Trade Environment:
- Evolving global trade dynamics—including U.S.-China trade tensions—may affect PGMEA import/export flows, thereby influencing domestic market pricing.

IV. Analysis, Outlook, and Forecast

1. Short-Term Price Trend:
- Given recent pronounced price volatility and the influence of multiple concurrent factors, PGMEA prices are expected to remain volatile in the near term.
- As supply-demand equilibrium gradually improves and raw material costs stabilize, the magnitude of price fluctuations is likely to moderate.

2. Medium-to-Long-Term Market Trend:
- Continued growth in high-tech sectors—especially semiconductors and flat-panel displays—will sustain robust demand for high-purity PGMEA.
- Environmental policy enforcement and evolving international trade conditions will incentivize enterprises to enhance technological innovation and cost optimization, thereby strengthening competitiveness.
- Overall, the PGMEA market is projected to maintain steady growth over the medium to long term, with price levels trending gradually upward.