This week’s (12.20-12.25) LPG market rose first and then fell. According to the data monitoring of business society, the average price of LPG in Shandong civil market was 3510.00 yuan / ton on December 20 and 3500.00 yuan / ton on December 25, with a decrease of 0.28% during the period and an increase of 10.53% compared with December 1.
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As of December 25, the mainstream prices of LPG in various regions of China are as follows:
Specification ﹣ mode of transportation ﹣ region ﹣ mainstream transaction price
Civil gas and automobile transportation in North China: 3610-3780 yuan / ton
Civil gas and automobile transportation in East China: RMB 3860-3910 / T
Civil gas and automobile transportation in South China: RMB 4000-4200 / T
Civil gas and automobile transportation in Shandong Province: 3550-3600 yuan / ton
Civil gas and automobile transportation in Northeast China: 3550-3800 yuan / ton
Civil gas and automobile transportation: 3950-4180 yuan / ton
This week, the trend of LPG civil market was mainly volatile, and the overall trend was still greatly affected by international crude oil, with a magnitude of 2.33%. At the beginning of the week, Shandong’s civil gas rose for two consecutive days, while international crude oil rose. The news was favorable to the market mentality, and the manufacturers raised the ex factory prices one after another. The downstream companies had a good enthusiasm to enter the market, and the market transaction atmosphere was mild. However, with the price rising to a relatively high level, the downstream’s acceptance capacity is limited, and with the decline of international crude oil, the market mentality is suppressed, the downstream’s resistance is increased, and the enthusiasm for entering the market is weakened, so we should be more cautious and wait-and-see. Manufacturers shipping blocked, inventory gradually increased, forced to reduce the ex factory price, stimulate the downstream market.
This week, the LPG futures market fell mainly due to shock, with limited positive effect on the spot market. On December 25, the opening price of LPG futures contract 2102 was 3950, the highest price was 3974, the lowest price was 3881, the closing price was 3960, the former settlement price was 3918, the settlement price was 3933, up 42, or 1.07%, the trading volume was 70741, the position was 41319, and the daily increase was 624. (quotation unit: yuan / ton)
At present, the positive support of the market is not obvious, and the weak international crude oil market is limited. However, due to the cold weather in winter, there is a rigid demand in the downstream. And near the end of the year, new year’s Day is coming, there is still replenishment demand in the downstream before the festival, CP is expected to rise in January, and the price is expected to remain strong in the short term.
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