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SunSirs: Energy, Narrow Fluctuation of Domestic Liquefied Petroleum Gas (LPG) Market (November 18-22)

November 26 2019 17:27:34     SunSirs (Selena)

  1. Price Trend

Last week, the domestic Liquefied Petroleum Gas (LPG) (Shandong) market was slightly adjusted. At the beginning of the week, the average price of the domestic liquefied gas market was 3,890 RMB/ton, while at the end of the week, the average price was 3,890 RMB/ton. The weekly rise and fall was 0%, and the price was 12.9% lower than the same period last year.

  1. Market Analysis

Product: last week, the domestic LPG was adjusted in a narrow range, and the market trading atmosphere was general. As of November 22, the price of LPG of Sinopec Guangzhou Chemical Co., Ltd. was 3840 RMB/ton, of Sinopec Jingmen Petrochemical Co., Ltd. was 4,050 RMB/ton, of Sinopec Shanghai Petrochemical Co., Ltd. was 3,730 RMB/ton, of Sinopec Qingdao Refining Chemical Co., Ltd. was 3,800 RMB/ton, of Sinopec Shijiazhuang Refining Chemical Co., Ltd. was 3,700 RMB/ton, of Sinopec The factory price of Luoyang Petrochemical LPG was 3,950 RMB/ton.

Last week, the domestic LPG (Shandong) market adjusted sideways, with no obvious fluctuation. China's civil gas market fluctuated, with a small decline in the Northeast market, a strong trend in the South China market, a narrow consolidation in the East China market, and a stable mainstream along the river market. The civil market trend of LPG in Shandong Province was strong, the temperature dropped obviously at the beginning of the week, the downstream enthusiasm for entering the market was good, the shipment of refineries was smooth, and the inventory was relieved. In the later period, the international crude oil fell and closed, affecting the market mentality, and the manufacturers made small profits to ship, but at present, the seasonal factors are strong, the downstream inventory consumption cycle is shortened, the manufacturers' mentality is strong, and the deep drop intention is not strong.

Industry: according to the price monitoring of SunSirs, in the 46th week of 2019 (11.18-11.22), there were seven commodities in the list of commodity prices rising and falling, among which the top 3 commodities were MTBE (2.05%), WTI crude oil (1.49%) and DME (1.32%). There were five kinds of commodities falling on a month on month basis, and the top 3 products were petroleum coke (- 3.18%), LPG (- 1.51%) and asphalt (- 0.59%). Last week's average was 0.17%.

  1. Market Forecast

According to LPG analyst of SunSirs, at present, the temperature is gradually decreasing, the downstream demand is picking up, the replenishment cycle of downstream users is shortened, and the refinery's shipment is acceptable, the inventory is not under pressure, the support mentality is not strong, and the willingness to decline is not strong. It is expected to keep a small increase next week.

 

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