On January 13, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, which was raised by 50 yuan/ton to 6,050 yuan/ton. The downstream 150,000-ton/year PP unit is scheduled to shut down on March 22, with the restart time yet to be determined.

PriceSeek Analysis:
Propylene – Bull-Bear Score: 0.5
The ex-factory price of propylene increased by 50 yuan/ton to 6,050 yuan/ton, indicating strong supplier pricing intentions, reflecting tightening supply or cost support, which is favorable for spot prices. However, the planned shutdown of the downstream PP unit (scheduled for March 22) may reduce future demand, introducing slight bearish pressure. The overall impact is mildly bullish.

Polypropylene – Bull-Bear Score: 1
The shutdown of the downstream 150,000-ton/year PP unit will reduce supply. Coupled with positive performance in the futures market (e.g., the PP 2605 contract closing at 6,545 yuan/ton, up 41 yuan), this is favorable for both spot and futures prices. The unit shutdown intensifies expectations of supply shortages, supporting bullish market sentiment.