March 20th — According to customs data, China's propylene imports in February 2026 amounted to 166,300 tons, a decrease of 7.56% month-on-month and 2.52% year-on-year. The average price was $778 per ton, up 3.39% month-on-month. Cumulative imports for January to February 2026 totaled 346,200 tons.

Chempricehub analysis of propylene, with a bullish-bearish score: 1.
In February 2026, propylene imports decreased by 7.56% month-on-month and 2.52% year-on-year, indicating a tightening of supply. The average price rose by 3.39% month-on-month, reflecting strong demand driving up prices. This is favorable for spot prices and may lead to further tightening of supply.

In terms of futures, the propylene contract on the Zhengzhou Commodity Exchange, such as the 2605 contract, settled at 8,768 yuan per ton. Despite recent fluctuations, the fundamentals support an upward trend, and the reduction in imports may drive future futures prices higher.