March 23rd News
On March 23rd, Shandong Haike Chemical Group Co., Ltd. announced the latest propylene quotation, which was raised by 480 yuan/ton to 9,030 yuan/ton. The 60,000-ton/year propylene plant is operating smoothly, with normal shipments.

Chempricehub Analysis on Propylene:
Bull-Bear Score: 2
Shandong Haike Chemical’s propylene quotation has been raised by 480 yuan/ton to 9,030 yuan/ton, indicating a significant increase. This suggests tight supply and demand in the spot market, with strong demand or reduced supply. Although the plant is operating smoothly, the sharp price surge reinforces bullish sentiment.

Combined with propylene futures market trends, such as the main contract on the Zhengzhou Commodity Exchange (e.g., the settlement price of the 2605 contract at 8,768 yuan/ton), the rise in spot prices may drive futures prices upward, particularly supporting near-month contracts. It is recommended to adopt a long position strategy.