SunSirs：In April, theLPG market fluctuated frequently and the range was limited

In April, the domestic LPG market fluctuated frequently, but the range was limited, and the overall focus of Shandong civil gas market shifted slightly upward. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 6270.00 RMB/ton on April 1 and 6380.00 RMB/ton on April 26, with an increase of 1.75% during the month and 52.88% compared with the same period last year.

As of April 26, the mainstream prices of liquefied gas in various regions of China are as follows:

Although the domestic liquefied gas market fluctuated frequently in April, the overall trend was relatively strong, and the market price of civil gas in Shandong moved up slightly. During the month, the market was dominated by positive factors. The rise of CP price in April brought some good to the domestic market. Although the international crude oil market fluctuated and fell within the month, the price was at a high level, which brought relative support to the market. In addition, some manufacturers in Shandong market entered the maintenance this month, the overall supply is low, and the market supply pressure is not large. In terms of demand, the terminal demand is weak, the downstream maintains replenishment on demand and enters the market in stages, and some areas are affected by social and public health events, the transportation is blocked, and the overall trading atmosphere of the market is general, which has significantly restrained the rising market.

The shock of LPG futures market in April brought Limited benefits to the spot market. On April 26, the opening price of LPG futures contract 2206 was 5767, the highest price was 5986, the lowest price was 5735, the closing price was 5906, the former settlement price was 5897, the settlement price was 5861, up 9, or 0.15%, the trading volume was 137246, the position was 62761, and the daily position was increased 1429. (quotation unit: RMB/ton)

Near the end of the month, the weak international crude oil has brought limited support to the market. The domestic civil liquefied gas market fluctuates in a narrow range, with ups and downs. The supply pressure of Shandong civil gas market is not large, and the price is strong. The May Day holiday is coming. There is a certain replenishment demand in the downstream before the festival, but the overall trading atmosphere is still limited. In the later stage, with the temperature rising, the terminal demand continues to weaken, which brings some bad news to the market. It is expected that the market price of civil gas in Shandong may weaken in May.

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