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SunSirs: Affected by International Crude Oil, China LPG Market Rose and Fell
November 23 2020 10:28:42SunSirs(Selena)

In the half of November, the LPG market was greatly affected by international crude oil, and the overall trend was first up and then down. According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 3,100.00 RMB/ ton on November 1 and 3,093.33 RMB/ ton on November 18, down 0.22% in the first half of the month. During this period, the largest earthquake amplitude was 4.33%, and the price was 20.82% lower than that of the same period last year.

According to the data of SunSirs, this year's LPG market is not as good as last year's, and the overall price is lower this year. In November, the trend of civil gas in Shandong Province fluctuated. In the first week of November, the overall situation was mainly upward. In the second week, Shandong civil gas market as a whole fell first and then rose with crude oil.

Now, the third week is coming to an end. Due to the decline of crude oil on November 15, Shandong civil gas market lacks favorable support and follows the decline. The current price has fallen back to the price before the rise in November. The decline of international crude oil has brought a certain blow to the market, and the trading atmosphere in the market has turned lighter than that in the previous period. At present, there is no obvious pressure on the inventory of manufacturers, and the decline range is limited.

At present, the civil gas market in Shandong Province is mainly weak, but the small rise of international crude oil has brought some support to the market. Although the manufacturers' shipment has turned light, there is still no obvious pressure on the inventory. The current enthusiasm of downstream market entry is not high, and the decline space of LPG civil market is limited. It is expected that China civil gas consolidation will be the main trend in the short term.

 

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