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SunSirs: China LPG Market Rose and Fell, and the Overall Focus Moved Upward in August

September 01 2021 15:22:00     SunSirs (Selena)

In August, the domestic liquefied gas market rose first and then fell, and the overall focus still moved upward, with the price higher than that in the same period last year. According to the data monitoring of SunSIrs, the average price of liquefied gas in Shandong civil market was 4,550.00 yuan / ton on August 1 and 4,743.33 yuan / ton on August 31. The increase rate in August was 4.25%, an increase of 49.32% compared with the same period last year.

In August, the domestic liquefied gas market continued its rise in July and continued to move upward, deducting the rising market in the off-season. In August, Shandong civil gas market as a whole can be divided into two stages. It continued to rise in the first half of the month and fluctuated lower in the second half of the month. On the whole, there are many positive factors, supporting prices to continue to rise.

In August, the LPG futures market was dominated by shocks, which brought Limited benefits to the spot market. On August 31, the opening price of LPG futures contract 2110 was 5,138, the highest price was 5,156, the lowest price was 5,056, the closing price was 5,091, the former settlement price was 5,134, the settlement price was 5,086, down 42, or 0.84%, the trading volume was 67,733, the position was 58,196, and the daily position was increased by -5,176(Quotation unit: yuan / ton).

At present, the international crude oil continues to rise, and the regional supply is low, which has boosted the liquefied gas market. At the end of the month, with the introduction of CP in September, propylene butane increased, but the increase was less than expected, which brought Limited benefits to the market. August is coming to an end. With the arrival of the traditional peak season in September, the market is still positive. It is expected that China liquefied gas market will be weak first and then strong in September.

 

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