On January 6, Shandong Huifeng Petrochemical Co., Ltd. raised its latest liquefied petroleum gas (LPG) quotation by 50 yuan/ton to 4,500 yuan/ton. PriceSeek's analysis of LPG indicates a bullish-bearish score of 2. The increase in Shandong Huifeng Petrochemical's spot LPG quotation by 50 yuan/ton to 4,500 yuan/ton reflects either tight supply or strengthening demand, directly benefiting the spot market. Combined with data from the Dalian Commodity Exchange's LPG futures (e.g., contract 2604 closing at 4,223 yuan/ton, up 32 yuan; contract 2605 closing at 4,143 yuan/ton, up 37 yuan), recent futures prices have already shown an upward trend. This spot price adjustment will further reinforce bullish market sentiment, driving up the prices of major futures contracts and providing significant support for long positions.
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