March 20th News
On March 20th, Shandong Huifeng Petrochemical Co., Ltd. announced an increase of 50 yuan/ton in its latest ex-factory price for propylene, raising it to 8,600 yuan/ton. The company's 45,000-ton/year catalytic cracking unit is scheduled to shut down on March 27th, 2025, while the 60,000-ton/year catalytic cracking unit continues to operate normally.

Chempricehub Analysis of Propylene
Bull-Bear Score: +1.5

The article reports that Shandong Huifeng Petrochemical has raised its ex-factory price for propylene by 50 yuan/ton to 8,600 yuan/ton. Simultaneously, the shutdown of the 45,000-ton/year catalytic cracking unit reduces supply, while the 60,000-ton/year unit remains operational, leading to an overall tightening of supply. This development is strongly bullish for spot propylene prices, as the price increase directly reflects stronger demand or cost support, and the supply reduction further intensifies upward pressure on spot prices.

Combined with the propylene futures market trend (e.g., the Zhengzhou Commodity Exchange’s main contracts: 2605 settlement price at 8,768 yuan/ton, 2701 settlement price at 7,683 yuan/ton, up 147 yuan), the market is already showing an upward trend. This news may reinforce bullish expectations in the futures market and drive up forward-month contracts.

Score: +1.5, due to the significant price increase and the supply disruption amplifying the bullish impact.