February 27th News — On February 27th, Shandong Haike Chemical Group Co., Ltd. announced a reduction in its latest propylene quotation by 60 yuan/ton to 6,460 yuan/ton. The company’s 60,000-ton-per-year propylene plant is operating smoothly, ensuring normal product shipments. Chempricehub’s analysis of propylene indicates a bearish sentiment score of -1. The downward adjustment in Shandong Haike Chemical’s propylene quotation reflects ample supply and weak demand in the spot market. The stable operation of the plant ensures regular shipments, exerting significant downward pressure on spot propylene prices. Considering the propylene futures market, such as the 2605 contract settlement price of 6,350 yuan/ton, the decline in spot prices may transmit to the futures market, putting pressure on futures prices. Changes in open interest and trading volume indicate a strengthening bearish sentiment in the market, with overall negative implications being significant.