The general trend of the civil LPG market stabilized in the middle and late August, and the fluctuation range was limited during the period, with the rise and fall mostly maintained at about 50 RMB/ ton. According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 3,150 RMB/ ton on August 18, and 3,166.67 RMB/ ton on August 24, with an increase of 0.53% and 1.60% compared with August 1.
In the middle and late August, Shandong LPG civil market is mainly stable, with limited fluctuation range. The price is mostly maintained at about 3,200 RMB/ ton, and the market transaction atmosphere is general. From August 18 to 20, due to the limited downstream demand and resistance to high prices, the enthusiasm for entering the market turned weak and the atmosphere of shipment was general. The market was weak at first, but the range was not large. Subsequently, August 21-24, there were two small rises, but the range was still limited. Due to the low level of supply in the District, after the price dropped slightly, the downstream market was appropriately replenished, and the transaction atmosphere was improved. After the manufacturers' inventory fell to the middle level, some of them pushed up sporadically, and the upstream mentality was strong.
During the middle and late August, the weak decline of upstream international crude oil had limited support for the market. Downstream products rose and fell in different ways, with maleic anhydride and propylene markets rising slightly, while propane and ethylene markets declined mainly.
At present, as the storm approaches the Gulf of Mexico, more than half of the offshore production facilities in the region are closed, and the supply is reduced. It is expected that the oil price will be boosted, and the international crude oil will be pushed up. The news will play a positive role in the market. At present, the market is supported by low supply and good profit, most of the inventory is in the middle and low level, and the willingness to support price is obvious. However, the terminal demand has not improved significantly, and the enthusiasm of downstream market entry is limited, and it is mainly cautious to wait and see. Most of the manufacturers' shipment performance is general, the market transaction atmosphere is flat, to a certain extent, and the price rise is restrained. It is estimated that it will be difficult to achieve a sharp rise in the short term, or high-level consolidation is the main task.
At present, there is no obvious improvement in terminal demand at present. The enthusiasm of downstream market entry is limited. Most of the manufacturers' shipment performance is general, the market transaction atmosphere is flat, to a certain extent, the price rise is restrained. It is estimated that it will be difficult for China LPG to achieve a sharp rise in the short term, or high-level consolidation.
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