April 10th News
On April 10th, Shandong Huifeng Petrochemical Co., Ltd. announced a reduction of 300 yuan/ton in the latest ex-factory price for propylene, bringing it down to 9,050 yuan/ton. The catalytic cracking unit with an annual capacity of 45,000 tons was shut down on March 27th, 2025, while the 60,000-ton/year catalytic cracking unit remains in normal operation.

Chempricehub Analysis of Propylene, Bull-Bear Score: -1
The reduction of 300 yuan/ton in Shandong Huifeng Petrochemical's propylene ex-factory price to 9,050 yuan/ton directly reflects ample supply or weak demand in the spot market. Although the partial shutdown of the catalytic cracking unit (45,000 tons/year) provides limited support, the normal operation of the 60,000-ton/year unit means overall supply has not tightened significantly. The price reduction has intensified bearish sentiment in the market.

Combined with futures market conditions, the settlement price of the main propylene futures contract 2605 was 8,574 yuan/ton, down 196 yuan for the day, with a decrease in open interest, indicating a continuation of the downward trend. The spot price reduction may further drag down futures prices, reinforcing short-term downward pressure.

The rating is generally bearish (-1), as the significant price reduction and simultaneous weakness in futures data are partially mitigated by the operational status of the units.