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SunSirs: China LPG Market Rose steadily Last Week (November 13-17)
November 20 2023 11:15:54SunSirs(Selena)

Last week (November 13-17), the Shandong liquefied gas market steadily rose. According to the Commodity Market Analysis System of SunSirs, the average price of liquefied gas in the civilian Shandong market on November 13th was 5,228 RMB/ton, and on November 17th it was 5,264 RMB/ton, an increase of 0.69% during the cycle and a decrease of 1.46% compared to the same period last year.

Last week, the Shandong liquefied gas civilian market was boosted by positive fundamentals. Continue to steadily rise. In terms of supply, due to the impact of individual factory parking in the early stage, supply has been tightened, and inventory in the region is controllable. In terms of demand, the peak season of civilian demand has arrived, with a stable increase in demand. The demand for chemical products has remained stable, and downstream markets have actively entered the market, driving up the price of liquefied gas.

In the future, the current tight supply situation in the market has been alleviated, and downstream chemical industry has been affected by rising costs, resulting in a decrease in construction. It is expected that the liquefied gas market will continue to increase resistance to upward pressure in the future, and there is limited room for upward growth in the future.


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