January 6th News: On January 6th, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, raising it by 50 yuan/ton to 5,870 yuan/ton. The downstream supporting 150,000-ton/year PP unit was shut down on March 22nd, with the restart time yet to be determined. Chempricehub Analysis: Propylene, Bull-Bear Score: 0.5 The increase of 50 yuan/ton in the ex-factory price of propylene to 5,870 yuan/ton reflects favorable factors such as tight supply or cost support, which may push up spot prices. However, the shutdown of the downstream polypropylene unit reduces demand for propylene, creating some bearish pressure. The overall impact is neutral to slightly bullish. Polypropylene, Bull-Bear Score: 1.5 The shutdown of the downstream 150,000-ton/year PP unit, with an undetermined restart time, has led to a reduction in polypropylene supply, which is a significant bullish factor. Combined with the upward trend in polypropylene futures for near-term contracts (e.g., the 2605 contract closing at 6,423 yuan/ton, up 30 yuan), the supply contraction may further drive up futures and spot prices.