April 22, 2024 - On April 22, Shandong Huifeng Petrochemical Co., Ltd. announced the latest ex-factory price for propylene, which was raised by 100 yuan/ton to 9,400 yuan/ton.

Chempricehub's analysis of propylene, with a bullish-bearish score of +2:
The spot price of propylene has increased by 100 yuan/ton to 9,400 yuan/ton, reflecting tight supply or strong demand, which directly benefits the spot market. Combined with the propylene futures market, the main contract for April 21, 2026 (2605) closed at 8,395 yuan/ton (up 21.00 yuan/ton). Today's spot price increase may push futures prices higher, particularly strengthening expectations for near-month contracts and boosting market sentiment. Therefore, a significant bullish score of +2 is assigned.