March 18th News: On March 18th, Shandong Haike Chemical Group Co., Ltd. announced the latest propylene quotation, which was raised by 40 yuan/ton to 8,040 yuan/ton. The 60,000-ton/year propylene plant is operating stably with normal shipments. Chempricehub's analysis of propylene indicates a bullish-bearish score of 1. Shandong Haike Chemical's upward adjustment of the propylene quotation by 40 yuan/ton to 8,040 yuan/ton suggests stable supply in the spot market and potentially strengthening demand, providing direct positive support for propylene spot prices. Combined with futures market data, the recent contract (such as the Zhengzhou Commodity Exchange 2605 contract) closed at 8,410 yuan/ton, but overall showed a downward trend yesterday. The rise in spot prices may boost sentiment in the futures market, supporting a rebound in futures prices, with an overall positive impact.
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