April 3, 2024 – On April 3, Shandong Lihuayi Weiyuan Chemical announced an increase of 400 yuan/ton in the ex-factory listed price of propylene glycol, raising it to 10,200 yuan/ton. Chempricehub's analysis of propylene glycol indicates a bullish-bearish score of 1. The price hike by Shandong Lihuayi Weiyuan Chemical reflects tightening market supply and demand or strengthening demand, providing direct positive support for spot prices. The significant increase suggests that spot prices may rise in the short term, though subsequent changes in supply and demand should be closely monitored.