May 20 News – On May 20, Shandong Haike Chemical Group Co., Ltd. announced its latest propylene quotation, reducing it by 70 yuan/ton to 9,100 yuan/ton. The company's 60,000-ton/year propylene unit is operating steadily with normal shipments.

Chempricehub Comments on Propylene: Bull-Bear Score: -1

Spot Market Level: Shandong is a core production and sales region for propylene in China. The leading enterprise's price reduction of 70 yuan/ton to 9,100 yuan/ton, combined with the stable operation and normal shipments of its 60,000-ton/year propylene unit, indicates ample supply in the region with insufficient demand-side support. This constitutes a generally bearish factor for spot propylene prices.

Futures Market Level: On May 19, the main 2607 propylene futures contract on the Zhengzhou Commodity Exchange closed at 8,739 yuan/ton, down 28 yuan/ton from the previous trading day, with a trading volume of 32,492 lots and an increase in open interest of 358 lots. The short-term trend of the futures market is weak, and the latest spot price adjustment will further suppress the upside expectations for futures prices.