In early February 2026, the overall trading volume of Shandong propylene glycol market remained stable with light trading.

According to the Commodity Market Analysis System of Shengyi Society, as of February 9th, the average production price of propylene glycol in Shandong Province was 5933 yuan/ton, unchanged from the beginning of the month but down 5.8% year-on-year.
driving factors
In terms of supply, some production facilities are shut down, but there is ample supply and inventory is above average, resulting in slow destocking and mainly stabilizing prices.
In terms of demand, February falls on the eve of the Spring Festival, which is a traditional off-season for the market. Downstream factories are gradually shutting down and taking holidays, with only essential procurement. The market trading activity has decreased, and support is insufficient. It may gradually rebound after the Spring Festival.
In terms of cost, the price of epoxy propane, the main raw material, is under pressure and falling, with weak cost support, making it difficult to have a strong boost in the short term.
On February 9th, the benchmark price of epoxy propane in Shengyi Society was 7800.00 yuan/ton, a decrease of 4.88% from the beginning of the month.
Outlook for the future market
In the short term, it is expected that the market will continue to operate steadily before and after the Spring Festival holiday, and the possibility of significant price fluctuations is relatively small. Observe the resumption progress and replenishment demand of downstream industries after the holiday.