January 26th News On January 26th, Shandong Huifeng Petrochemical Co., Ltd. announced an updated ex-factory price for propylene, raising it by 150 yuan/ton to 6,400 yuan/ton. The downstream 150,000-ton/year PP unit is scheduled to shut down on March 22nd, with the restart time yet to be determined. Chempricehub Analysis: **Propylene, Bull-Bear Score: 1** Shandong Huifeng Petrochemical's ex-factory price for propylene has been raised by 150 yuan/ton to 6,400 yuan/ton, indicating tightening supply or stronger cost support, which directly benefits spot propylene prices. Although the shutdown of the downstream PP unit reduces propylene demand, the price increase dominates short-term market sentiment, supporting an upward trend in spot prices. **Polypropylene, Bull-Bear Score: 1** The shutdown of the downstream 150,000-ton/year PP unit reduces supply, potentially driving up polypropylene prices. Combined with polypropylene futures data, the main contract 2605 closed at 6,737 yuan/ton, up 59 yuan, with a trading volume of 524,463 lots and open interest increasing by 22,199 lots, indicating active market activity and strengthened bullish expectations, benefiting both spot and futures prices.