May 9th News – On May 9, Shandong Haike Chemical Group Co., Ltd. adjusted its latest propylene quotation downward by 100 RMB/ton to 9,300 RMB/ton. The company's 60,000-ton/year propylene unit is operating steadily with normal deliveries.

Chempricehub Propylene Analysis – Bull-Bear Score: -1

Spot Market: Shandong Haike Chemical’s propylene quotation was cut by 100 RMB/ton to 9,300 RMB/ton. The company’s 60,000-ton/year propylene unit is running smoothly with normal shipments. Supply remains stable, and the downward revision in quotation is bearish for spot prices.

Futures Market: On May 8, the main propylene contract (2607) on the Zhengzhou Commodity Exchange (ZCE) closed at 8,268 RMB/ton, down 202 RMB/ton from the previous trading day. Trading volume reached 9,610 lots, while open interest increased by 1,457 lots. The market is bearish, and futures prices are under pressure.