March 13th News: On March 13th, Dongying Hualian Petrochemical Co., Ltd. announced an increase in the latest propylene quotation, raising the ex-factory self-pickup price by 100 yuan/ton to 8,083 yuan/ton. The company's 120,000-ton/year propylene plant is operating smoothly.
Chempricehub Analysis on Propylene: Bull-Bear Score: 1.5
The ex-factory self-pickup price of propylene has increased by 100 yuan/ton to 8,083 yuan/ton, indicating tight spot market supply or rising demand, which directly benefits propylene spot prices. Combined with futures market data, such as the recent settlement price of the Zhengzhou Commodity Exchange 2605 contract at 8,272 yuan/ton, with an increase of 668 yuan, the spot price rise may further support the upward trend in futures prices, constituting a significant positive factor for the overall market trend.
Comments
0