1、 Price trend
This week, the domestic liquefied gas market rose first and then fell. At the beginning of the week, the average price of the domestic liquefied gas (Shandong) market was 4833.33 yuan / ton, while at the end of the week, the average price was 4800 yuan / ton, with a decline of 0.69% in the week. The price was 12.94% higher than that of the same period last year.
|Polyglutamic acid cosmetic grade|
2、 Analysis of influencing factors
Product: the domestic liquefied gas market rose first and then fell this week, with a general trading atmosphere. As of January 10. The price of LPG from Sinopec Guangzhou Chemical Co., Ltd. is 4700 yuan / ton, from Sinopec Jingmen Petrochemical Co., Ltd. is 4830 yuan / ton, from Sinopec Shanghai Petrochemical Co., Ltd. is 4600 yuan / ton, from Sinopec Qingdao Refining Chemical Co., Ltd. is 4750 yuan / ton, from Sinopec Shijiazhuang Refining Chemical Co., Ltd. is 4650 yuan / ton, from Sinopec Sinopec The factory price of Luoyang Petrochemical LPG is 4750 yuan / ton.
This week, China’s LPG prices were mixed. The northern market as a whole rose first and then fell, while the southern market mainly fell. In the early stage, with the boost of broad rise in international crude oil, the overall LPG market rose and the price rose to a high level. However, with the price rising, the terminal demand is limited, the terminal inventory is basically above the middle level, the enthusiasm of the downstream market is not high, and the overall transaction atmosphere of the market is obviously weakened. In addition, the international crude oil width was lowered in the late week, which affected liquefied gas, mainly downward.
Saudi Aramco’s January CP reported a sharp rise in both propylene and butane. Propane rose to $565 / T, up $125 / T from last month, and butane to $590 / T, up $135 / T from last month.
|Polyglutamic acid agricultural grade|
Industry: according to the price monitoring of the business association, in the first week of 2020 (1.6-1.10), there are 6 kinds of commodities in the list of rise and fall of bulk commodity prices in the energy sector, including 1 kind of commodity with a rise of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities are methanol (5.24%), fuel oil (3.70%) and dimethyl ether (2.05%). There are 8 kinds of commodities falling on a month on month basis, 2 kinds of commodities falling by more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top 3 products falling are LNG (- 6.45%), WTI (- 5.54%) and Brent (- 4.71%). This week’s average was – 0.69%.
3、 Future forecast
According to the LPG analyst of Business Club: at present, the international crude oil reserves have a certain support for the LPG market. With the Spring Festival approaching, the storage, discharge and storage demand of manufacturers, if there is no obvious positive in the short term, there is still a possibility of lowering.