On January 7, Shandong Huifeng Petrochemical Co., Ltd. announced a new external ex-factory price for propylene, raising it by 30 yuan/ton to 5,900 yuan/ton. The downstream supporting 150,000-ton/year PP unit was shut down on March 22, with the restart time yet to be determined. **PriceSeek Analysis** **Propylene, Bull-Bear Score: 1** The ex-factory price of propylene increased by 30 yuan/ton to 5,900 yuan/ton, directly reflecting tight spot supply or stronger demand, which is favorable for propylene spot prices. The price hike indicates improved pricing confidence among enterprises, but the magnitude is small (only 30 yuan/ton), not reaching a significant bullish level. The rating is **generally positive**. **Polypropylene, Bull-Bear Score: 1.5** The shutdown of the downstream 150,000-ton/year PP unit, with an undetermined restart time, leads to reduced polypropylene supply, which is favorable for spot prices. Combined with polypropylene futures data (e.g., the main contract 2605 closed at 6,486 yuan/ton, up 80 yuan, with a trading volume of 485,035 lots), the market already shows a bullish trend. The unit shutdown may exacerbate supply shortages and further drive up futures prices. The rating is **moderately positive**.