March 19th News
On March 19th, Shandong Lihuayi Weiyuan Chemical adjusted the ex-factory listed price of propylene glycol to 6,850 yuan/ton, a reduction of 350 yuan/ton.

Chempricehub Analysis of Propylene Glycol
Bull-Bear Score: -1.5
Shandong Lihuayi Weiyuan Chemical lowered the ex-factory listed price of propylene glycol by 350 yuan/ton to 6,850 yuan/ton, a decrease of approximately 4.86%. This indicates ample market supply or weak demand, exerting significant bearish pressure on spot prices. The price reduction reflects an imbalance in industry supply and demand, which may intensify market pessimism. In the short term, spot prices are expected to face downward pressure. The score of -1.5 reflects a substantial price cut that, while significant, does not reach extreme levels, representing a strong bearish signal.