April 23 Report – On April 23, Shandong Haike Chemical Group Co., Ltd. announced its latest propylene quotation, reducing it by 50 CNY/ton to 9,300 CNY/ton. The company’s 60,000-ton-per-year propylene unit is operating steadily with normal shipments. Chempricehub comments on propylene: Bull-Bear Score: -1. The decision by Shandong Haike Chemical Group to lower its propylene quotation by 50 CNY/ton to 9,300 CNY/ton indicates ample supply in the spot market, stable unit operations with normal shipments, and relatively weak demand, thereby exerting downward pressure on spot prices. This price reduction is expected to exert a bearish influence on futures prices. Combined with the Zhengzhou Commodity Exchange’s propylene futures data as of April 22, 2026—e.g., the main contract 2605 closed at 8,425 CNY/ton, up 65.00 CNY—this new quotation may reverse short-term optimism, and futures prices are expected to face downward correction pressure.