April 7th — On April 7th, Shandong Lihuayi Weiyuan Chemical announced an increase in the ex-factory listed price of propylene glycol to 11,000 yuan/ton, marking an upward adjustment of 800 yuan/ton. According to Chempricehub's analysis, the supply-demand sentiment score for propylene glycol stands at 1.5. The 800 yuan/ton hike in the ex-factory listed price to 11,000 yuan/ton indicates proactive price adjustments by producers, likely driven by rising raw material costs or strengthening downstream demand. This development provides strong positive support for spot prices. Considering the current market supply-demand dynamics, it is anticipated that spot prices may continue their upward trend in the short term, fostering a favorable market sentiment.
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