January 9th News: On January 9th, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, which was raised by 20 yuan/ton to 5,950 yuan/ton. The downstream supporting 150,000 tons/year PP unit was shut down on March 22nd, with the restart time yet to be determined. Chempricehub Analysis: **Propylene, Bull-Bear Score: 0.5** The ex-factory price of propylene increased by 20 yuan/ton to 5,950 yuan/ton, reflecting tight supply or cost support, which is favorable for spot prices. However, the shutdown of the downstream polypropylene unit may reduce propylene demand, limiting the price increase. Overall, this is assessed as a slight positive, with spot prices expected to rise moderately in the short term. **Polypropylene, Bull-Bear Score: 1** The shutdown of the downstream 150,000 tons/year PP unit, with an undetermined restart time, will reduce market supply and support polypropylene spot prices. Combined with the polypropylene futures market (e.g., the main contract 2605 closed at 6,484 yuan/ton, up 32 yuan), the expectation of supply contraction is favorable for futures prices, with a strong short-term outlook anticipated.