April 28 News: On April 28, Anhui Tongling Jintai accepted bank acceptance for propylene glycol at 10,000 RMB/ton, down 500 RMB/ton. Chempricehub comments on propylene glycol: Bull-Bear Score: -1. The reduction in Anhui Tongling Jintai's propylene glycol acceptance price by 500 RMB/ton to 10,000 RMB/ton indicates oversupply or weak demand in the spot market, exerting significant downward pressure on propylene glycol spot prices. The price cut of approximately 4.76% reflects the company's inventory pressure or intensified market competition, representing a generally bearish impact.
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