April 28 News — On April 28, Dongying Hualian Petrochemical Co., Ltd. raised its latest propylene quotation, with the ex-works self-pickup price increased by 280 CNY/ton to 8,983 CNY/ton. The company's 80,000-ton/year propylene unit is operating steadily. Chempricehub evaluates propylene with a long-short rating of 2. The spot price increase of 280 CNY/ton to 8,983 CNY/ton reflects tight supply or strong demand in the market, which is a significant positive for spot prices. Combined with futures market data, propylene futures contracts such as 2605 closed at 8,795 CNY/ton (up 179 CNY) and 2606 closed at 8,478 CNY/ton (up 169 CNY), indicating an upward trend in recent futures prices. The spot price increase may further push up futures prices, strengthening the bullish trend and benefiting the futures market.