Price trend

After the holiday, the Shandong LPG market continued to decline, with mainstream quotes on the market dropping to 4,850-4,950 RMB/ton.

Analysis review

Downstream pre holiday restocking basically ended, demand returned to a weak state, and prices had significantly decreased after the holiday. Fortunately, the on-site inventory was controllable, and the supply of low priced goods was smooth, and prices stabilized after a decline.

Market outlook

It is expected that the possibility of a low rebound in the Shandong civilian LPG market will increase in the short term.

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