On February 2, the latest propylene quotation from Dongying Hualian Petrochemical Plant Co., Ltd. was lowered, with the ex-factory self-pickup price reduced by 20 yuan/ton to 6,333 yuan/ton. The 120,000-ton-per-year propylene unit is operating smoothly. PriceSeek analysis of propylene, with a long-short score of -1: The ex-factory price of propylene decreased by 20 yuan/ton to 6,333 yuan/ton, indicating sufficient supply or weak demand in the spot market, which exerts bearish pressure on propylene spot prices. The unit is operating smoothly with no risk of supply disruption. It is expected that prices may continue to face downward pressure in the short term, but the reduction is relatively small and has not caused a significant impact.
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