ChemPriceHub Important Notice: Shandong Huifeng LPG quotation reduced by 80 yuan/ton.

On January 13, Shandong Huifeng Petrochemical Co., Ltd. lowered its latest LPG (liquefied petroleum gas) quotation by 80 yuan/ton to 4,330 yuan/ton. PriceSeek's analysis of LPG indicates a bearish sentiment score of -1.5. The reduction in Shandong Huifeng Petrochemical's spot LPG price by 80 yuan/ton to 4,330 yuan/ton reflects weak market demand or oversupply, posing a significant bearish impact on the spot market. Combined with futures market data, although the recent main LPG futures contract (e.g., the 2605 contract closed at 4,278 yuan/ton on January 12) rose the previous day, the substantial spot price cut may trigger market pessimism and increase downward pressure on futures. It is expected that short-term futures prices will face downward pressure and decline.