After the Spring Festival, Shandong civil gas market showed a trend of rising first and then falling, and the overall decline was greater than the increase. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 5540.00 yuan / ton on February 6 and 5460.00 yuan / ton on February 14, with a decline of 1.44% during the week and an increase of 53.80% compared with the same period last year.
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As of February 14, the mainstream prices of liquefied gas in various regions of China are as follows:
region Mainstream quotation
North China 5110-5750 yuan / ton
East China 5500-5750 yuan / ton
Northeast China 5680-5930 yuan / ton
Shandong region 5400-5900 yuan / ton
In the first week after the Spring Festival, Shandong civil gas showed a trend of rising first and then falling. At present, the price has fallen to about 5500 yuan / ton. During the holidays, due to the rise of international crude oil, the price has been adjusted one after another. However, due to the relatively high price and limited downstream acceptance capacity, with the end of replenishment, the mentality is cautious and mainly delisting. The market trading atmosphere was significantly weaker than that in the early stage, the manufacturer’s shipment was blocked, and the price was corrected in the later part of the week.
After the festival, the LPG futures market rose first and then fell, bringing phased support to the spot market. On February 14, the opening price of LPG futures contract 2203 was 5001, the highest price was 5447, the lowest price was 4938, the closing price was 5030, the former settlement price was 5076, the settlement price was 5083, down 46, or 0.91%, the trading volume was 259432, the position was 53028, and the daily position was increased by – 1088. (quotation unit: yuan / ton)
At present, boosted by the sharp rise in international crude oil prices, the decline in Shandong civil gas market has narrowed. With the decline in prices, the downstream mentality has improved, and the market trading atmosphere has warmed up. In addition, the weather has cooled recently, and there are still expectations of improvement in terminal demand. It is expected that Shandong civil gas prices will be strong in the short term.
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