SunSirs: China Shandong LPG Market Fluctuated and Rose Last Week (September 11-15)
September 19 2023 09:47:24 SunSirs (Selena)
Last week (September 11th to September 15th), the Shandong LPG market experienced fluctuations and rose. According to the Commodity Market Analysis System of SunSirs, the average price of LPG in the civilian Shandong market on September 11th was 5,340 RMB/ton, and on September 15th it was 5,360 RMB/ton, an increase of 0.37% during the cycle and a decrease of 9.4% compared to the same period last year.
Last week, the civilian LPG market in Shandong fell first and then rose, with mainstream prices in the Shandong region reaching 5,300-5,400 RMB/ton as of the weekend. At the beginning of the week, as prices rose to a high level, downstream purchasing power weakened, and upstream profits were sold, resulting in a slight decrease in LPG prices. Subsequently, the trading atmosphere on the market improved, downstream actively entered the market, chemical procurement steadily increased, civilian and other combustion demand remained in demand, and upstream sales were smooth, actively driving up prices.
In the future, the supply side remains stable and the demand side fluctuates little. However, LPG is at a high level, and the resistance to further inflation in the future is increasing. It is expected that the consolidation and operation of the LPG market will be the main focus in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-29 SunSirs: China Shandong LPG Market steadily Rose in April
- 2024-04-22 SunSirs: China Shandong LPG Market Saw a Slight Increase Last Week (April 15-19)
- 2024-04-15 SunSirs: China Shandong LPG Market Saw a Slight Increase Last Week (April 8-12)
- 2024-03-29 SunSirs: China Shandong LPG Market Fluctuated and Fell in March
- 2024-03-25 SunSirs: China LPG Market Stopped Falling and Rose Last Week
