On February 9, 2026, Shandong Jincheng Petrochemical Group Co., Ltd. announced a reduction in the latest liquefied petroleum gas (LPG) price, decreasing by 50 yuan/ton to 4,450 yuan/ton. The daily production is approximately 200 tons, with low inventory levels. PriceSeek analysis of LPG indicates a bearish score of -1.5. The price reduction of 50 yuan/ton to 4,450 yuan/ton by Shandong Jincheng Petrochemical reflects ample market supply or weak demand, exerting significant downward pressure on spot prices. Although low inventory provides slight support, the daily production of around 200 tons suggests increasing supply pressure, indicating a clear downward price trend. Combined with LPG futures data, such as the main contract 2610 closing at 4,456 yuan/ton (down 17 yuan), the futures market is also under pressure. It is anticipated that futures prices may follow the spot market further downward, with an overall bearish outlook.
Comments
0