March 5, 2024 — On March 5, Shandong Haike Chemical Group Co., Ltd. announced its latest propylene quotation, which increased by 230 yuan/ton to 7,230 yuan/ton. The company’s 60,000-ton-per-year propylene plant is operating stably, with normal shipments. Chempricehub’s analysis of propylene indicates a bullish-bearish score of 2. The spot price of propylene has risen by 230 yuan/ton to 7,230 yuan/ton, while Shandong Haike Chemical maintains stable production capacity and normal shipments, suggesting tightening market supply or strong demand, which is favorable for spot prices. Combined with the performance of propylene futures contracts, the settlement price of the main contract, such as 2605, was 7,027 yuan/ton on March 4, with a change of +199, indicating an upward trend in futures prices. The increase in spot quotations is expected to further strengthen market bullish sentiment, supporting the upward movement of futures prices.