PURPOSE:To obtain the subject solution in shortened reaction time, without separating the oligomer, by oxidizing and stabilizing a low-molecular weight polymer having a specific structural unit in a reaction solution and separating the organic phase from the product. CONSTITUTION:The objective solution can be produced by oxidizing and stabilizing a low-molecular weight polymer having the structural unit expressed by formula (M is bivalent Cr or Fe; L is neutral ligand such as water or lower alcohol; k is total coordination number of the ligand; R1 and R2 are =1C alkyl, aryl, alkoxy or aryloxy; the arrow represents the coordinate bond to the metal; X=2) in a phase-separated reaction solution composed of an organic phase and an aqueous phase and containing said low-molecular weight polymer and separating the organic phase from the solution of the stabilized polymer.
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