On January 29, Shandong Huifeng Petrochemical Co., Ltd. raised its latest liquefied petroleum gas (LPG) quotation by 30 yuan/ton to 4,320 yuan/ton. PriceSeek's analysis of LPG shows a long-short score of 1.5. The increase in Shandong Huifeng Petrochemical's LPG quotation by 30 yuan/ton to 4,320 yuan/ton directly reflects tightening supply or strengthening demand in the spot market, which is favorable for spot prices. Combined with data from the Dalian Commodity Exchange's LPG futures, such as the closing price of the 2604 contract at 4,635 yuan (up 40 yuan) and the 2605 contract at 4,534 yuan (up 30 yuan), it indicates an overall upward trend in futures prices, with positive changes in open interest. The spot price increase may strengthen bullish sentiment in the futures market, driving futures prices further upward.
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