SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Energy, Domestic LPG Market Declined significantly (April 26-30)

May 06 2020 10:29:32     SunSirs (Selena)

Last week, the domestic LPG market continued to be weak, mainly downward. On April 26, the average price of the domestic LPG (Shandong) market was 2,976.67 RMB/ ton, and on April 30, the average price was 2,806.67 RMB/ ton, with a weekly decline of 5.71%, 37.07% lower than the same period last year.

Analysis of Influencing Factors

Market: on the 26th, the civil LPG market recovered, and the trading atmosphere in Shandong market was weaker than that in the earlier stage. Last week, due to the approaching of the end of the month, most of the manufacturers needed to arrange store. Although the May Day holiday came, the early replenishment of the downstream was basically over, and the market entry was not active. Most of the delisting was mainly based on cautious wait-and-see. The manufacturers made small profits and stimulated the downstream marke. Crude oil continued to decline on April 28, once again depressing the market mentality, Shandong civil gas fell again, the extent of the increase, the main enterprise inventory pressure was still there, the pressure on inventory increased, the price continued to fall.

International market: Saudi Aramco announced in April that the price of propane and butane were lowered. Propane fell to $230/ T, down $200/ T from last month; butane $240/ T, down $240/ T from last month.

Industry: according to the price monitoring of SunSirs, in the 16th week of 2020 (4.20-4.24), there was one kind of commodity in the list of commodity price rise and fall in the energy sector, with diesel rising (0.67%). There were 11 kinds of commodities falling on a month on month basis, 4 kinds of commodities falling by more than 5%, accounting for 25% of the number of commodities monitored in the sector; the top three products falling were WTI crude oil (-34.08%), Brent crude oil (-11.72%), and dimethyl ether (-7.75%). This week's average was -4.6%.

Market Forecast

At present, the demand of the terminal market is basically stable and has increased compared with that of last month. On April 30, the rise of international crude oil has boosted the market. In May, CP will be released soon, with the expectation of rising and the increase of cost, which has also brought certain benefits to the market. The possibility of short-term growth is expected.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products