SunSirs: The LPG Market Fell Steadily on March 15
March 16 2022 09:03:30 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 6,636.00 RMB/ton on March 14, and the average price on March 15 was 6,570.00 RMB/ton, a single-day drop of 0.99%, and up 5.19% compared with March 1.
Analysis review
On the 15th, the domestic LPG market continued to weaken, and various regions lowered their ex-factory quotations one after another. The Shandong civil gas market was steadily lowered, with a range of 100-150 RMB/ton.
The decline of international crude oil was unfavorable to the market, coupled with the poor terminal demand, the enthusiasm for downstream entry into the market was limited, the shipments of manufacturers were general, and the price fell.
Market outlook
It is expected that the price of LPG may still decline in the short term.
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