On January 6, Shandong Huifeng Petrochemical Co., Ltd. announced a new ex-factory price for propylene, raising it by 50 yuan/ton to 5,870 yuan/ton. The downstream 150,000-ton/year PP unit was shut down on March 22, with the restart time yet to be determined. PriceSeek Analysis: Propylene, Bull-Bear Score: 0.5 The increase in the ex-factory price of propylene by 50 yuan/ton to 5,870 yuan/ton reflects favorable factors such as tight supply or cost support, which may drive up spot prices. However, the shutdown of the downstream polypropylene unit reduces demand for propylene, creating some bearish pressure. The overall impact is neutral to slightly bullish. Polypropylene, Bull-Bear Score: 1.5 The shutdown of the downstream 150,000-ton/year PP unit, with the restart time yet to be determined, has led to a reduction in polypropylene supply, which is a significant bullish factor. Combined with the upward trend in near-term polypropylene futures contracts (e.g., the 2605 contract closing at 6,423 yuan/ton, up 30 yuan), the supply contraction may further push up futures and spot prices.