On January 14, Shandong Huifeng Petrochemical Co., Ltd. raised its latest liquefied petroleum gas (LPG) quotation by 50 yuan/ton to 4,380 yuan/ton. PriceSeek's analysis of LPG indicates a bullish-bearish score of 1.5. The increase in Shandong Huifeng Petrochemical's LPG quotation on January 14 reflects tight supply or strengthening demand in the spot market, providing direct positive support for spot prices. In the futures market, the main LPG contract, such as 2604, closed at 4,431 yuan/ton (up 19 yuan/ton) on January 13, with a settlement price of 4,376 yuan/ton and an increase in open interest, indicating bullish market sentiment. The rise in spot prices may further drive up futures prices, particularly for near-month contracts, due to the strong correlation between spot and futures markets, which is favorable for the overall market outlook.