SunSirs: In April, the LPG Market was High First and then Low, Becoming a "Watershed" in The Middle of the Month

In April, the overall LPG market in Shandong showed a trend of rising first and then falling. In the first half of the month, the price of civil gas market increased continuously. In the second half of the month, the market sat on the slide. According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 4000.00 RMB / ton on April 1, and 4066.67 RMB / ton on April 30. The overall price rose in April, with a range of 1.67%, and the largest earthquake amplitude was 10.25%.

As of April 30, the main prices of liquefied gas in various regions in China are as follows:

The civil market of LPG in April can be divided into two stages: the first half of the month went up continuously, while the second half of the month mainly went down. The details are as follows:

At the beginning of April, the civil market of liquefied gas continued to rebound at the end of March, continuing to rise mainly. By the Tomb-sweeping Day small holiday positive factors, more downstream before the festival to replenish the market, manufacturers shipped good, mild market atmosphere, at the end of March the market began to stop falling rebound. Late with the end of the small holiday, the market price did not stop but continue to rise, the rise is more obvious after the festival. Related products propane strong upward to bring good market is one of them. After the festival, the downstream concentrated replenishment, entering the market is relatively stable, the manufacturers ship smoothly, and the inventory is free of pressure. Then there is the supply side. In April, the civil gas market entered the stage of centralized maintenance. Refineries have been overhauled one after another. With the decrease of market supply, the market has also been boosted to a certain extent. Finally, there is the international crude oil market. In the first half of April, the international crude oil fluctuated frequently and by a large margin, but it rose as a whole, which also brought some support to civil gas. Under multiple positive factors, the market price of Shandong civil gas has been rising one after another.

However, in the second half of the month, the LPG market in Shandong began to decline continuously, forming a clear contrast with the first half of the month. Due to many positive factors in the market in the first ten days, Shandong civil gas market prices showed a continuous upward trend. The supply side of the market is stable, but as prices continue to rise, the favorable market is constantly consumed, the resistance of the downstream is increasing, and the enthusiasm for entering the market has weakened compared with the previous period. Since the 15th, the market has stopped rising and stabilized at first, but the international crude oil market has shown a fluctuating downward trend recently, and the news lacks support. And with the continuous warming of the weather, the market demand has weakened. The domestic gas market was dominated by negative factors, and the firm market was no longer strong. It began to decline on the 19th, and the weakness continued to the end of the month.

Look at the futures market, April LPG futures overall shock mainly, to the spot market to bring limited support. On April 30, liquefied petroleum gas futures contract 2106 opened price of 3836, the highest price of 3958, lowest price of 3780, the closing price of 3914, former settlement price of 3730, settlement price of 3849, up 184, up 4.93%, the trading volume of 81189, position of 44143, increasing position of -2099. (Quotation unit: RMB/ton)

At present, the introduction of the CP decline in May and the decline in the cost of imported gas has brought bad effects on the market. In addition, the weather is warming after May Day, and the market demand is expected to weaken. However, there is a certain demand for replenishment downstream after the festival, which may drive the price up. It is expected that Shandong civil gas market may rise slightly in the short term. In the long term, there are many negative factors, or mainly fall below.

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