January 7 News: On January 7, Shandong Huifeng Petrochemical Co., Ltd. announced an upward adjustment of 30 yuan/ton in the latest ex-factory price for propylene, raising it 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. Chempricehub Analysis: - **Propylene, Bull-Bear Score: 1** The upward adjustment of 30 yuan/ton in the ex-factory price for propylene to 5,900 yuan/ton directly reflects tight spot supply or increased demand, which is favorable for propylene spot prices. The price increase indicates improved pricing confidence among enterprises, but the magnitude is relatively small (only 30 yuan/ton), not reaching a significant positive level. The rating is moderately 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 favorable for spot prices. Combined with polypropylene futures data (e.g., the main contract 2605 closing at 6,486 yuan/ton, up 80 yuan, with a trading volume of 485,035 lots), the market already shows an upward trend. The unit shutdown may exacerbate supply shortages and further drive up futures prices. The rating is strongly bullish.