May 8 – On May 8, Shandong Haike Chemical Group Co., Ltd. announced its latest propylene quotation, decreasing by RMB 370/ton to RMB 9,400/ton. The company’s 60,000-ton/year propylene unit is operating smoothly with normal shipments. Chempricehub assesses propylene with a bearish-bullish score of -1.

In the spot market, Shandong Haike, a major domestic propylene producer, reduced its quotation by RMB 370/ton to RMB 9,400/ton. Meanwhile, its 60,000-ton/year propylene unit remains in stable operation with normal offtake, signaling no supply reduction. This has dampened sentiment in the propylene spot market, driving regional spot prices lower.

In the futures market, on May 7, 2026, the main propylene contract (July 2026) on the Zhengzhou Commodity Exchange (ZCE) closed at RMB 8,378/ton, down RMB 249/ton from the previous trading day. The latest spot price cut further reinforces bearish guidance for futures prices. In the short term, propylene prices are generally expected to trend lower.