March 23 — On March 23, Dongying Hualian Petrochemical Co., Ltd. announced an upward adjustment in its latest propylene quotation. The ex-factory self-pickup price was raised by 440 yuan/ton to 9,003 yuan/ton. The company's 80,000-ton/year propylene plant is operating stably.

Chempricehub's analysis of propylene indicates a bullish-bearish score of 2. The report highlights that Dongying Hualian's ex-factory self-pickup price for propylene has increased by 440 yuan/ton to 9,003 yuan/ton, with the 80,000-ton/year plant running smoothly. This suggests stable supply in the spot market but strong demand, with the significant price rise directly benefiting propylene spot trading.

Combined with propylene futures data from the Zhengzhou Commodity Exchange (e.g., the settlement price of the 2605 contract at 8,768 yuan/ton), the rise in spot prices may drive futures contracts upward due to the strong correlation between spot and futures markets. It is recommended to monitor near-month contracts for potential long opportunities.