February 27th News — On February 27th, Dongying Hualian Petrochemical Factory Co., Ltd. announced a reduction in the latest propylene quotation. The ex-factory self-pickup price was lowered by 30 yuan/ton to 6,443 yuan/ton. The 120,000 tons/year propylene unit is operating stably. Chempricehub Analysis of Propylene: Bull-Bear Score: -1 The spot price of propylene decreased by 30 yuan/ton to 6,443 yuan/ton, indicating ample market supply or weak demand, which directly exerts bearish pressure on spot prices. Based on propylene futures data from the Zhengzhou Commodity Exchange, the near-month contract 2603 closed at 6,192 yuan/ton, down 80 yuan, reflecting weakness. The main contract 2605 closed at 6,312 yuan/ton, with a slight increase of 11 yuan, but trading volume was limited. The decline in spot prices may reinforce bearish sentiment in the futures market, exerting downward pressure on futures prices. Overall, the rating is moderately bearish (-1), as the reduction is moderate and the unit is operating stably, with no significant supply disruptions.