On February 2, 2026, Shandong Jincheng Petrochemical Group Co., Ltd. announced a latest price increase for liquefied petroleum gas (LPG), raising the price by 40 yuan/ton to 4,500 yuan/ton. The daily production is approximately 200 tons, with low inventory levels. PriceSeek analysis of LPG: Bull-Bear Score: 1.5. Scoring rationale: The article reports that Shandong Jincheng Petrochemical's spot LPG price has increased by 40 yuan/ton to 4,500 yuan/ton, with low inventory levels, indicating tight supply and strong demand, which constitutes a significant positive factor for spot prices (major bullish bias). Combined with futures data from the Dalian Commodity Exchange, the main LPG futures contracts, such as 2605 (closing price 4,349 yuan/ton, change -131 yuan/ton), have generally declined recently. However, the spot price increase and low inventory may alleviate the downward pressure on futures and support a rebound in future futures prices. Therefore, the comprehensive impact score is +1.5 (between moderate and major bullish).
Comments
0