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SunSirs: Weak High Transaction Price, Moderate Callback of China LPG Market after Successive Rise
August 21 2020 09:30:21SunSirs(Selena)

In mid August, the LPG civil market showed a trend of rising first and then falling, with a small overall range of 50-100 RMB/ ton. According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 3,143.33 RMB/ ton on August 10, and 3,160.00 RMB/ ton on August 17, up 0.53% in the week and 1.39% in August 1.

In the middle of August, Shandong LPG civil market continued to rise, the range was narrowed, and most prices exceeded 3,200 RMB/ ton. There was little change in the supply of civil gas in Shandong. The prices of main producers increased slightly from August 10 to 12, while other manufacturers followed. In addition, futures LPG fell first and then rose, which was limited to the market.

The fluctuation of international crude oil trend has limited support for the market. The terminal demand is stable at present, and there is no big fluctuation on the whole. At present, the price has gradually risen to a relatively high level, and the downstream is resistant to the high price, and the enthusiasm for entering the market has been weakened. The situation of manufacturers' shipment decreased, and most of the inventory was above the median level. It is expected that in the short term, China LPG will continue to rise with insufficient momentum, or high-level consolidation.

 

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