February 5th News
On February 5th, Dongying Hualian Petrochemical Co., Ltd. announced an increase in the latest quoted price for propylene. The ex-factory self-pickup price was raised by 10 yuan/ton to 6,393 yuan/ton. The 120,000-ton-per-year propylene production facility is operating stably.
Chempricehub Analysis of Propylene, Bull-Bear Score: +1
The report indicates that Dongying Hualian Petrochemical Co., Ltd. has raised the ex-factory self-pickup price for propylene by 10 yuan/ton to 6,393 yuan/ton, suggesting tight spot market supply or increased demand, driving the price upward. The stable operation of the 120,000-ton-per-year production facility eliminates the risk of supply disruptions. This price adjustment directly benefits the spot price of propylene, reflecting bullish market sentiment. The increase is relatively small (approximately 0.16%), representing a generally positive factor, with a score of +1.