May 8th News – On May 8, Shandong Huifeng Petrochemical Co., Ltd. announced its latest ex-factory quotation for propylene, with a price reduction of RMB 150/ton to RMB 9,750/ton. According to Chempricehub’s analysis of propylene, the bullish-bearish score stands at -1. On the spot market side, Shandong Huifeng Petrochemical, a major propylene producer in the Shandong region, has lowered its ex-factory price by RMB 150/ton to RMB 9,750/ton. This move is expected to drive down spot propylene quotations in surrounding areas, intensifying bearish market sentiment and exerting downward pressure on spot propylene prices. On the futures side, on May 7, all propylene contracts on the Zhengzhou Commodity Exchange (ZCE) closed lower, with the main contract 2607 falling by RMB 249/ton. Trading volume expanded and open interest increased, indicating a notable short-term bearish trend, putting further downward pressure on futures prices.