On February 10, Shandong Huifeng Petrochemical Co., Ltd. raised its latest liquefied petroleum gas (LPG) quotation by 50 yuan per ton to 4,350 yuan per ton. PriceSeek’s analysis of LPG indicates a bullish-bearish score of +1.5. The report highlights that the spot price of LPG has increased by 50 yuan per ton to 4,350 yuan per ton, suggesting tightening market supply or strengthening demand, which is favorable for spot prices. Considering the LPG futures market trends on the Dalian Commodity Exchange (e.g., recent price fluctuations in the 2701 contract), the rise in spot prices may drive a rebound in futures prices, as the futures market typically follows spot market trends, anticipating future improvements in supply and demand. The score of +1.5 reflects a significant positive impact, but attention should be paid to subsequent inventory changes to determine whether the upward momentum can be sustained.
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