May 11 News – On May 11, Shandong Huifeng Petrochemical Co., Ltd. adjusted its ex-works propylene price downward by 100 CNY/ton to 9,400 CNY/ton. Chempricehub's analysis of propylene gives a bull-bear rating of -1. In the spot market, Shandong Huifeng Petrochemical lowered its ex-works propylene price by 100 CNY/ton to 9,400 CNY/ton on May 11, reflecting a relatively loose supply-demand balance for propylene in the region, which is bearish for spot prices. In the futures market, propylene futures contracts generally closed lower recently, with the main 2607 contract closing at 8,268 CNY/ton on May 8, down 202 CNY/ton from the previous trading day, indicating a short-term weak trend.