On January 8th, Shandong Haike Chemical Group Co., Ltd. announced the latest propylene price, which was raised by 30 yuan/ton to 5,810 yuan/ton. The 60,000 tons/year propylene plant is operating smoothly, with normal shipments. PriceSeek's analysis of propylene indicates a bullish-bearish score of 1. Shandong Haike Chemical's increase in propylene price by 30 yuan/ton to 5,810 yuan/ton suggests that the company is optimistic about market demand, possibly reflecting improvements on the demand side or relative supply tightness. The stable operation of the plant and normal shipments indicate that the supply is stable with no negative factors. This adjustment may prompt other suppliers to follow suit with price increases, providing moderate support for spot propylene prices. It is expected that spot prices will experience a mild increase in the short term.