March 19th News
On March 19th, Shandong Huifeng Petrochemical Co., Ltd. announced a new ex-factory price for propylene, raising it by 500 yuan/ton to 8,550 yuan/ton. The 45,000-ton/year catalytic cracking unit is scheduled to shut down on March 27, 2025, while the 60,000-ton/year catalytic cracking unit is operating normally.

Chempricehub Analysis of Propylene: Bull-Bear Score: 2
As a major producer, Shandong Huifeng Petrochemical’s increase of the propylene ex-factory price by 500 yuan/ton to 8,550 yuan/ton reflects tight supply (with the 45,000-ton/year catalytic cracking unit shut down), while the normal operation of the 60,000-ton/year unit indicates stable demand. This directly benefits the spot market and may drive up the overall spot price of propylene.

Combined with propylene futures data from the Zhengzhou Commodity Exchange, such as the closing price of the 2605 contract at 8,949 yuan/ton (up 410 yuan, with a trading volume of 19,042 lots), a strong bullish trend is evident. The increase in open interest by 1,943 lots suggests optimistic market expectations. This event may strengthen the upward momentum of futures and support the bullish market trend.