May 08 News – On May 8, Dongying Hualian Petrochemical Co., Ltd. has lowered its latest propylene quotation, with the ex-works self-pickup price reduced by 130 CNY/ton to 9,623 CNY/ton. The company's 80,000-ton/year propylene unit is operating steadily.

Chempricehub's Assessment on Propylene
Bull/Bear Score: -1

On the spot side, Dongying Hualian Petrochemical has cut its ex-works self-pickup propylene price by 130 CNY/ton to 9,623 CNY/ton. The producer's propylene unit is running steadily with stable supply, exerting bearish pressure on spot propylene prices.

On the futures side, on May 7, 2026, the main propylene contract (ZCE 2607) on the Zhengzhou Commodity Exchange closed at 8,378 CNY/ton, down 249 CNY/ton from the previous trading day. The futures market continues to show weakness, and combined with the spot price reduction signal, this overall weighs on propylene price trends.