March 19th News: On March 19th, Shandong Haike Chemical Group Co., Ltd. announced its latest propylene quotation, which was raised by 460 yuan/ton to 8,500 yuan/ton. The 60,000 tons/year propylene plant is operating stably with normal shipments. Chempricehub analysis of propylene: Bull-Bear Score: 2. Shandong Haike Chemical's increase in propylene quotation by 460 yuan/ton to 8,500 yuan/ton indicates stable supply but strong demand in the spot market, which is favorable for spot prices. Combined with propylene futures data, the main contract 2605 on the Zhengzhou Commodity Exchange closed at 8,949 yuan/ton, up 410 yuan, with a trading volume of 19,042 lots and an increase in open interest by 1,943 lots. This shows strong bullish sentiment in the market, forming a significant positive impact on futures prices. It is expected that prices will continue to rise in the short term.
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