Price trend

This week (2.13-2.17), Shandong LPG market fell in shock. According to the data monitoring of SunSirs, the average price of LPG in the civilian Shandong market was 5,640 RMB/ton on February 13 and 5,632 RMB/ton on February 17, with a decrease of 0.14% in the week, and up 3.26% from the same period last year.

Analysis review

This week, the civil market of liquefied petroleum gas in Shandong fell first and then rose, with a slight decline overall. At the beginning of the week, due to the obvious weakening of downstream demand recently, the focus of LPG market moved downward. The delivery situation improved in the week. The manufacturer's inventory was controllable, boosting market confidence. At the same time, the price adjustment was in place, and the LPG enterprises began to actively push up the price. The atmosphere for receiving goods of the downstream was acceptable, and the mentality of the operators improved.

Market outlook

In general, the downstream demand had an increasing trend, and the inventory in the region was controllable. It is expected that the civil market of Shandong LPG will fluctuate upward in the near future.

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