Ruida Futures(SZ:002961) Jin Tou Wang·2026-01-16 06:04Group 1 - The domestic futures market for energy chemicals showed a significant decline, with liquefied petroleum gas (LPG) futures main contract opening at 4203.00 CNY/ton and experiencing a drop of approximately 2.71% [1] - The highest price for LPG futures reached 4208.00 CNY/ton, while the lowest was 4115.00 CNY/ton during the trading session [1] Group 2 - Petrobras (Brazilian National Oil Company) projected a total oil and gas production of 2.99 million barrels of oil equivalent per day by 2025, exceeding its targets [2] - The Russian Ministry of Finance reported that the country's budget received 8.48 trillion rubles (approximately 108 billion USD) in oil and gas tax revenue last year, marking a 24% decrease from 2024 and the lowest level since 2020 [2] - The EIA reported that as of January 9, the total U.S. natural gas inventory was 31,850 billion cubic feet, a decrease of 710 billion cubic feet from the previous week, but an increase of 330 billion cubic feet year-on-year, reflecting a 1.0% increase [2] Group 3 - Market outlook for LPG futures indicates a bearish trend, with supply exceeding demand, leading to a downward price adjustment expected [3] - Zhonghui Futures noted that the cost side of oil prices has increased uncertainty in the short term, while the overall market sentiment remains bearish [3] - Ruida Futures highlighted that short-term supply and demand pressures are manageable, but volatility due to geopolitical tensions, particularly the U.S.-Iran conflict, is expected to result in wide fluctuations in LPG prices [3]