May 12 News
On May 12, Shida Shenghua New Materials (Shandong) Co., Ltd. quoted its propylene glycol acceptance factory price at 11,000 CNY/ton, down 1,000 CNY/ton from the previous day.

Chempricehub Analysis on Propylene Glycol
Bullish/Bearish Rating: -1
On May 12, Shida Shenghua New Materials (Shandong) quoted its propylene glycol acceptance factory price at 11,000 CNY/ton, down 1,000 CNY/ton from the previous day. The manufacturer's proactive price cut reflects weak current market demand and increasing spot shipment pressure, exerting a bearish impact on spot propylene glycol prices.