April 20th News: On April 20th, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, which was reduced by 100 yuan/ton to 8,950 yuan/ton compared to last week. Chempricehub analysis of propylene, Bull-Bear Score: -1. The reduction of the ex-factory price for propylene by Shandong Huifeng Petrochemical by 100 yuan/ton to 8,950 yuan/ton indicates an increase in market supply or weak demand, exerting downward pressure on spot prices. Combined with propylene futures data from the Zhengzhou Commodity Exchange (such as the closing price of contract 2605 at 8,550 yuan/ton), the decline in spot prices may drive down futures contracts, particularly affecting expectations for near-month contracts, which is overall bearish for the market.