March 2, 2024 – On March 2, Shandong Lihuayi Weiyuan Chemical announced an increase in the ex-factory listed price of propylene glycol by 100 yuan/ton to 5,500 yuan/ton. According to Chempricehub's analysis of propylene glycol, the market sentiment score is 1. The price adjustment by Shandong Lihuayi Weiyuan Chemical reflects tightening market supply or strengthening demand, which is favorable for spot prices. This price hike may be attributed to rising raw material costs or a recovery in downstream demand, and it is expected to support an upward trend in the spot market price of propylene glycol in the short term.