January 26th News
On January 26th, Shandong Haike Chemical Group Co., Ltd. announced the latest price for propylene, which was increased by 140 yuan per ton to 6,290 yuan per ton. The 60,000-ton-per-year propylene plant is operating smoothly, with normal shipments.
Chempricehub Analysis on Propylene:
Bull-Bear Score: 1.5
The spot price of propylene has been raised by 140 yuan per ton to 6,290 yuan per ton, indicating tight market supply and demand or cost support, which constitutes a significant positive factor for propylene spot prices. Shandong Haike Chemical's 60,000-ton-per-year plant is operating stably with normal shipments, suggesting a stable supply. The price increase is primarily driven by improved demand or enhanced market confidence.