March 2 News — On March 2, Dongying Hualian Petrochemical Plant Co., Ltd. announced a price increase for propylene. The ex-factory pickup price has been raised by 200 yuan/ton to 6,583 yuan/ton. The company’s 120,000-ton-per-year propylene plant is operating smoothly. Chempricehub analysis of propylene: Bull-bear score: 2. The spot ex-factory price of propylene has increased by 200 yuan/ton to 6,583 yuan/ton, indicating tight supply or stronger demand, which is favorable for spot prices. Combined with the performance of the futures market, the main contract 2605 closed at 6,593 yuan/ton, up 208 yuan, with open interest increasing by 1,980 lots to 15,671 lots. Active trading volume suggests market expectations of tighter future supply and a strong upward price trend, which is significantly positive for futures prices.