January 5th News
On January 5th, Dongying Hualian Petrochemical Plant Co., Ltd. announced an increase in the latest quotation for propylene. The ex-factory self-pickup price was raised by 30 yuan/ton to 5,683 yuan/ton. The 120,000-ton/year propylene plant is operating smoothly.
Chempricehub Analysis on Propylene, Bull-Bear Score: 1
The ex-factory price of propylene increased by 30 yuan/ton to 5,683 yuan/ton, indicating an increase in market demand or tight supply, which is favorable for spot prices. The smooth operation of the plant does not provide negative signals. This price adjustment is moderate (approximately 0.5%) and is considered a generally positive factor.