Seeing from the current cash flow of each production process

Currently, PDH-based PP incurred less loss compared with other production process. Since the propane prices dropped at the beginning of February, the profitability of PDH has continued to improve and the cash flow turned positive in the second half of March and has remained positive for nearly two months. However, since the second half of May, with the rebound of propane prices, the cash flow of PDH has started to decline again and the cash flow of PDH has turned negative again. Since 2023, the average cash flow loss of PDH is about 254yuan/mt.