LPG：短期地缘扰动偏强：丙烯：基本面维持偏紧，关注节后补库动态

Group 1: Market Data - LPG and propylene futures market data include yesterday's closing price, daily increase, night - session closing price, night - session increase, yesterday's trading volume, change compared to the previous day, yesterday's open interest, and change compared to the previous day. For example, for PG2603, yesterday's closing price was 4,297 with a 1.06% increase, and the night - session closing price was 4,255 with a - 0.98% increase [1]. - LPG and propylene spot market data include yesterday's price, change compared to the previous day, main contract basis, and change compared to the previous day. For instance, the price of Shandong civil LPG was 4,500, up 30, and the main contract basis was - 82, down 300 [1]. - Industrial chain start - up data shows that as of 2026/2/20, the PDH start - up rate was 64.84%, down 0.73 compared with last week; the MTBE start - up rate was 67.22%, down 0.65 compared with last week; the alkylation start - up rate was 36.85%, unchanged [1]. - LPG shipping volume data from the US and the Middle East to different regions are provided. For example, from the US to Asia, the shipping volume was 4.5 (in 10,000 tons) yesterday, down 4.6 compared to the previous day [1]. Group 2: Trend Intensity - The trend intensity of LPG is 0, and that of propylene is 1. The trend intensity ranges from - 2 to 2, with - 2 being the most bearish and 2 being the most bullish [7]. Group 3: Market News - On February 24, 2026, for March CP paper goods, propane was 540 US dollars/ton, up 2 US dollars/ton from the previous trading day; butane was 532 US dollars/ton, up 3 US dollars/ton from the previous trading day. For April CP paper goods, propane was 527 US dollars/ton, up 3 US dollars/ton from the previous trading day [8]. - Domestic PDH device maintenance plans from multiple companies are listed, including Henan Huasong New Material Technology Co., Ltd., Jiangsu Yanchang Zhongran Chemical Co., Ltd., etc., with different capacities and undetermined end - times for most [9]. - Domestic liquefied gas factory device maintenance plans are also provided, including production enterprises such as Rizhao (China Overseas), Shenchi Chemical, etc., with specific normal output, loss output, start - time, end - time, and maintenance duration [9].