March 2nd News: On March 2nd, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, which was increased by 100 yuan/ton to 6,650 yuan/ton. The downstream supporting 150,000 tons/year PP unit is scheduled to shut down on March 22nd, with the restart time to be determined. Chempricehub's analysis of propylene: Bullish-Bearish Score: 1.5. Shandong Huifeng Petrochemical raised the ex-factory price of propylene by 100 yuan/ton to 6,650 yuan/ton, indicating tight supply in the spot market and providing short-term support for prices. Combined with futures data, the main contract 2605 closed at 6,593 yuan/ton, with a settlement price of 6,427 yuan, rising 208 yuan for the day. Trading volume expanded to 32,809 lots, showing active bullish capital inflow and supporting the upward movement of futures prices. However, the planned shutdown of the downstream PP unit may suppress future demand growth, limiting the extent of price increases. Polypropylene, Bullish-Bearish Score: 1. The planned shutdown of the downstream 150,000 tons/year PP unit will reduce market supply, benefiting spot prices. The main futures contract 2609 closed at 7,020 yuan/ton, with a settlement price of 6,847 yuan, rising 224 yuan for the day. Open interest increased to 133,948 lots, reflecting market expectations of tightening supply. Rising propylene raw material costs may be transmitted to PP production costs, further supporting prices, but the uncertain shutdown duration introduces short-term uncertainty.