February 27th News: On February 27th, Shandong Huifeng Petrochemical Co., Ltd. announced a reduction of 50 yuan/ton in the latest ex-factory price of propylene, bringing it down to 6,500 yuan/ton. The downstream supporting 150,000 tons/year PP unit is scheduled to shut down on March 22nd, with the restart time yet to be determined. Chempricehub Analysis of Propylene: Bull-Bear Score: -1.5 Shandong Huifeng Petrochemical’s reduction of the propylene ex-factory price by 50 yuan/ton to 6,500 yuan/ton directly reflects a looser spot supply, putting downward pressure on prices. Additionally, the planned shutdown of the downstream PP unit on March 22nd, with an uncertain restart time, will reduce propylene demand by approximately 150,000 tons/year, exacerbating the supply-demand imbalance and significantly bearish for spot prices. Based on the latest propylene futures market trends (e.g., the main 2605 contract settlement price at 6,219 yuan/ton, down 131 yuan intraday; open interest decreased by 981 lots, indicating increased short positions), the expectation of reduced demand has already driven a strengthening downtrend in futures prices. Overall, both spot and futures markets are facing downward pressure. A score of -1.5 indicates a bearish sentiment between moderate and significant, as the shutdown event, though not immediate, has clear negative implications.