May 22 News – On May 22, Shandong Huifeng Petrochemical Co., Ltd. released its latest ex-factory offer for propylene, with a price reduction of 100 RMB/ton to 9,150 RMB/ton. Chempricehub comments on propylene: Bullish-Bearish Rating: -1.

In the spot market, Shandong Huifeng Petrochemical is a core domestic producer of propylene. The latest ex-factory price cut of 100 RMB/ton to 9,150 RMB/ton reflects a relatively loose supply-demand balance in the near-term propylene spot market, exerting bearish pressure on spot propylene prices.

In the futures market, on May 21, all propylene contracts on the Zhengzhou Commodity Exchange closed lower, with the main contract 2607 settling at 8,682 RMB/ton, down 69 RMB/ton. Trading volume remained at a relatively high level, while open interest decreased slightly. Short-term futures prices are under pressure, creating a generally moderate bearish impact on propylene prices overall.