In February, the focus of domestic propylene glycol market negotiations rose sharply after a small drop, and the average market price in Shandong increased within a narrow range from the previous month. At the beginning of the month before the Spring Festival, the market was mainly high-priced downstream and wait-and-see. In addition, the price of propylene glycol decreased slightly at the beginning of the month. Prices were basically stable during the Spring Festival. After the holiday, demand from downstream and traders recovered and concentrated purchases. Propylene glycol prices rose along the way. At the same time, the overall price of cyclic propylene rose and the cost was favorable. After the United States encountered extreme cold weather, the import of propylene glycol was restricted, and the export volume and price of propylene glycol rose. The price of propylene glycol once again pushed up to a historical high, with the highest price reaching 16,000 RMB/ton. By the end of the month, the market was not smooth at high prices, and the stagflation of cyclopropyl stabilized, and the price of propylene glycol gradually stabilized. So far, the actual orders in the Shandong market refer to the acceptance of 15,600-16,000 CNY/MT.