February 28th News On February 28th, Dongying Hualian Petrochemical Co., Ltd. announced a reduction in the latest propylene quotation. The ex-factory self-pickup price was lowered by 60 yuan/ton to 6,383 yuan/ton. The 120,000-ton-per-year propylene plant is operating steadily. Chempricehub Analysis of Propylene, Bull-Bear Score: -1.5 Dongying Hualian Petrochemical has reduced the ex-factory price of propylene by 60 yuan/ton to 6,383 yuan/ton, with the plant operating steadily, indicating a weakening price trend on the supply side. This may reflect weak demand or ample supply, posing a direct bearish impact on the spot price of propylene. Combined with propylene futures market data, such as the closing price of the Zhengzhou Commodity Exchange 2605 contract at 6,202 yuan/ton, down 131 yuan, with a trading volume of 25,327 lots and an open interest of 13,691 lots, the market sentiment appears strongly bearish. The reduction in spot prices may further intensify downward pressure on futures, increasing selling pressure. Therefore, a score of -1.5 represents a relatively strong bearish expectation, though not an extreme event.