Price trend
According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 7,150.00 RMB/ton on March 9, and the average price on March 10 was 7,140.00 RMB/ton, a single-day drop of 0.14%, and up 14.31% compared with March 1.
Analysis review
On the 10th, the domestic LPG market prices generally stabilized. The Shandong civil gas market lowered the ex-factory price slightly, the international crude oil fell sharply, and the market sentiment was negative. The downstream resistance was obvious, and the market trading atmosphere was sluggish.
Market outlook
It is unlikely that prices will continue to rise in the short term.
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