March 20th — According to customs data, China's propylene exports in February 2026 amounted to 0.03 million tons, a decrease of 89.29% month-on-month and 25% year-on-year. The average export price was $4,861.32 per ton, representing a month-on-month increase of 237.59%. Cumulative exports from January to February 2026 totaled 0.31 million tons.

Chempricehub Analysis on Propylene — Bull-Bear Score: +1.5
The article indicates that propylene exports in February 2026 fell by 89.29% month-on-month and 25% year-on-year, while the average export price surged by 237.59% month-on-month to $4,861.32 per ton. This suggests that despite weakened export demand, prices have risen sharply, reflecting tight domestic propylene supply or strong demand, which significantly supports spot prices and may drive further upward movement in the spot market.

Combined with the latest propylene futures data (e.g., Zhengzhou Commodity Exchange 2605 contract closing at 8,949 yuan/ton, up 410.00 yuan), the prices of major contracts have generally increased with stable open interest, indicating that futures market trends align with the spot market. This positive sentiment is likely to persist, supporting further gains in futures prices.

Score: +1.5 — The price increase far outweighs the negative impact of reduced export volume, but potential volatility risks due to low cumulative exports (0.31 million tons from January to February) should be monitored.