SunSirs--China Commodity Data Group

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SunSirs: LPG Market Continued to Decline on May 11

May 12 2022 08:39:56     SunSirs (John)

Price trend

On the 11th, the overall trend of the domestic liquefied gas market was weak, and the Shandong civil gas market continued to decline.

Analysis review

The continuous decline of international crude oil has brought obvious negative effects to the market, and the supply side of the Shandong market has increased, the demand side was weak, the enthusiasm for entering the market in the downstream was limited, and the market trading atmosphere was general.

Market outlook

It is expected that the liquefied gas market may continue to be weak in the short term.

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