April 21, 2024 — On April 21, Shandong Lihuayi Weiyuan Chemical adjusted the ex-factory listed price of propylene glycol to 9,500 yuan per ton, a reduction of 300 yuan per ton. Chempricehub's analysis of propylene glycol indicates a bearish sentiment score of -1. The price cut by Shandong Lihuayi Weiyuan Chemical, lowering the ex-factory listed price of propylene glycol by 300 yuan per ton to 9,500 yuan per ton, suggests a potential increase in market supply or weak demand, exerting downward pressure on spot prices. This price reduction directly reflects the company's sales pressure and may trigger a follow-on decline in the spot market, rating it as a moderate bearish factor.