SunSirs: The LPG Market Continued to Fall on March 29
March 30 2022 08:55:49 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 6,230.00 RMB/ton on March 28, and the average price on March 29 was 6,120.00 RMB/ton, with a single-day drop of 1.77%; compared with the price on March 1, the price fell by 2.02%.
Analysis review
On the 29th, the domestic LPG market continued to be weak as a whole, with various regions declining to varying degrees. The Shandong civil gas market fell by 50-100 RMB/ton. In the morning, the international crude oil fell sharply, and the market mentality was negative. In addition, due to the impact of the epidemic, shipments in many regions were not smooth. Manufacturers mainly shipped at profit-cutting.
Market outlook
It is expected that the price of LPG may still weaken in the short term.
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