SunSirs: Negative Factors Dominated, and the Shandong LPG Market Continued to Decline
April 13 2023 10:01:37 SunSirs (John)
Price trend
On the 12th, the civilian LPG market in Shandong continued to decline, with a range of around 50 RMB/ton, and the mainstream quotes on the market dropped to 4,850-4,950 RMB/ton.
Analysis review
In the off-season of demand, the market trading atmosphere was weak, and downstream was bargain-hunting, and there was a strong bearish mentality in the future. The external market prices and related products continued to decline weakly, dragging down the LPG market. The rebound in international oil prices had strengthened market support.
Market outlook
It is expected that the mainstream of the Shandong LPG market will stabilize in the short term, and there is limited room for further decline.
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