SunSirs: On April 11, the LPG Market Adjusted within a Narrow Range
April 12 2022 08:54:02 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 6,326.00 RMB/ton on April 8, and the average price on April 11 was 6,410.00 RMB/ton, with an increase of 1.33% during the period, and which was 2.23% higher than that on April 1.
Analysis review
On the 11th, the domestic LPG market was mainly adjusted sideways. Shandong's civil gas market did not fluctuate much, and prices rose within a narrow range over the weekend. The current market supply pressure is not large, but the terminal demand is general, which brings obvious restraint to the rising market.
Market outlook
It is expected that the price of LPG may be lowered in the short term.
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