SunSirs: LPG Market Price Rose Twice in the Week, Breaking the Mark of 5,000 RMB/ ton

　　In August, the price of domestic liquefied gas continued to rise, and the price continued to rise this week. The average price of civil gas in Shandong exceeded 5,000 RMB/ ton. According to the data monitoring of SunSirs, the average price of liquefied gas in Shandong civil market was 4,783.33 RMB/ ton on August 8 and 5,016.67 RMB/ ton on August 12, with an increase of 4.88% during the week, an increase of 15.95% compared with July 1.

　　Dominated by favorable factors this week, most of the domestic liquefied gas market showed an upward trend, and the civil gas market in Shandong increased significantly. The overall increase range is around 150-200 RMB/ ton. At present, most of the civil gas prices in Shandong have exceeded the mark of 5,000 RMB/ ton. In the off-season of traditional demand, the price has risen to a relatively high level, up 58.45% compared with the same period last year. The market supply is still low this week. Although the international crude oil fell first and then rebounded during the week, the overall price is high, which has brought obvious support to the liquefied gas market. At present, the downstream is mostly replenished on demand. Although the overall market entry enthusiasm is general, the manufacturer’s inventory is mostly controllable and the mentality is relatively strong. There is a slight deviation in the trend of liquefied gas market in various regions of China this week, but the overall trend is still mainly upward. The northeast region increased steadily, the North China region developed first and then restrained, and the center of Yangtze River moved upward.

　　The LPG futures market rose sharply this week, bringing obvious benefits to the spot market. On August 12, the opening price of LPG futures contract 2109 was 5,220, the highest price was 5,313, the lowest price was 5,197, the closing price was 5,217, the former settlement price was 5,194, the settlement price was 5,249, up 23, or 0.44%, the trading volume was 59,015, the position was 28,942, and the daily position was increased 195.(Quotation unit: RMB/ ton)

　　Affected by seasonal factors, the current market terminal demand is weak, the downstream maintains more on-demand replenishment, and the overall transaction atmosphere is general. However, due to the low overall supply in the region and the relatively high international crude oil price, the market favorable factors are obvious, and most manufacturers have a strong mentality. At present, more than half of August is about to usher in the peak season of “golden nine and silver ten”. It is expected that the price of Shandong civil gas market is easy to rise but difficult to fall.

　　Affected by seasonal factors, the current market terminal demand is weak, the downstream maintains more on-demand replenishment, and the overall transaction atmosphere is general. However, due to the low overall supply in the region and the relatively high international crude oil price, the market favorable factors are obvious, and most manufacturers have a strong mentality. At present, half of August has passed, and the peak season is about to usher in. It is expected that the price of Shandong civil gas market is easy to rise but difficult to fall in China.