SunSirs: On April 5, LPG Market Adjusted Sideways
April 06 2022 08:39:31 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the average price of LPG in the Shandong market on April 4 was 6,370.00 RMB/ton, and the average price on April 5 was 6,370.00 RMB/ton, the price was flat, up 0.38% from March 1.
Analysis review
On the 5th, the domestic LPG market was generally stable, and the Shandong civil gas market was sideways. Individual manufacturers adjusted within a narrow range, and the fluctuation range was limited.
The strong trend of international crude oil during the holidays brought some positive support to the market, but logistics during the holidays were limited.
Market outlook
In anticipation of the demand for downstream inventory replenishment after the holiday, the price may run strongly in the short term.
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