On January 9, Shandong Huifeng Petrochemical Co., Ltd. announced a new external ex-factory price for propylene, raising it by 20 yuan/ton to 5,950 yuan/ton. The downstream supporting 150,000-ton/year PP unit was shut down on March 22, with the restart time to be determined. PriceSeek Analysis: **Propylene** Bull-Bear Score: 0.5 The ex-factory price of propylene has been raised 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, the assessment is slightly positive, with spot prices expected to rise moderately in the short term. **Polypropylene** Bull-Bear Score: 1 The shutdown of the downstream 150,000-ton/year PP unit, with an undetermined restart time, will reduce market supply and support spot prices for polypropylene. Combined with polypropylene futures trends (e.g., the main contract 2605 closed at 6,484 yuan/ton, up 32 yuan), expectations of supply contraction are favorable for futures prices, and the short-term trend is expected to be strong.