February 4th News On February 4th, Shandong Huifeng Petrochemical Co., Ltd. announced an upward adjustment of 40 yuan/ton in its latest ex-factory price for propylene, raising it to 6,500 yuan/ton. The downstream 150,000-ton/year PP unit is scheduled to shut down on March 22nd, with the restart time yet to be determined. Chempricehub Analysis: Propylene, Bull-Bear Score: 1 The ex-factory price of propylene has been raised by 40 yuan/ton to 6,500 yuan/ton, indicating tight supply or stronger cost support, which directly benefits spot prices. The shutdown of the downstream PP unit may slightly reduce demand, but the magnitude of the price increase reflects strong market confidence. Overall, this is assessed as a moderate positive. Polypropylene, Bull-Bear Score: 1.5 The shutdown of the downstream 150,000-ton/year PP unit has led to a reduction in supply, benefiting polypropylene spot prices. Combined with futures data, the main contract (e.g., 2605) rose by 52 yuan, with open interest increasing by 11,151 lots, indicating strengthened market bullish expectations and benefiting futures prices. Considering the supply contraction and positive futures signals, this is assessed as a relatively strong positive.