January 12th News
On January 12th, Dongying Hualian Petrochemical Co., Ltd. announced an upward adjustment in the latest propylene quotation. The ex-factory self-pickup price increased by 20 yuan/ton to 5,853 yuan/ton. The 120,000-ton/year propylene production facility is operating smoothly.
Chempricehub Analysis on Propylene:
Bull-Bear Score: 1
The ex-factory self-pickup price of propylene increased by 20 yuan/ton to 5,853 yuan/ton, indicating that the company proactively raised its quotation, reflecting tight supply-demand dynamics in the spot market or strengthened cost support. The smooth operation of the production facility (120,000 tons/year) rules out supply disruptions, suggesting that the price increase may be driven by a recovery in terminal demand, which is favorable for spot prices. Considering overall market dynamics, this price adjustment constitutes a generally positive signal for the propylene spot market and may boost buyer sentiment in the short term.