Shandong LPG prices fell nearly 15% in late January

After entering the second half of January, Shandong’s LPG civil market fell continuously, with a drop of nearly 15% as of the 26th. According to the data monitoring of business society, the average price of LPG in Shandong market was 4150 yuan / ton on January 15 and 3560.00 yuan / ton on January 26, with a decrease of 14.22% during the period, up 2.01% compared with January 1.

 

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As of January 26, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream transaction price

Civil gas and automobile transportation in North China: 3150-3600 yuan / ton

Civil gas and automobile transportation in eastern China: RMB 3760-3800 / T

Civil gas and automobile transportation in South China: RMB 4000-4060 / T

Civil gas and automobile transportation in Shandong Province: 3500-3580 yuan / ton

In the last ten days of January, the LPG civil market is going further and further down the road. According to the data of business news agency, from January 15 to 26, the average price of Shandong LPG civil market has been reduced by nearly 600 yuan / ton. The main reason for this is the international crude oil. Since January 15, the trend of international crude oil is not clear. During this period, the main reason is the volatile decline, which is difficult to support the LPG market. Secondly, in terms of demand, the northern market is affected by social and public health events, the demand has declined, and transportation in some areas is limited, which brings some resistance to the market. Under the mentality of buying up but not buying down in the downstream, the market entry is rare, the market transaction atmosphere is weak, the manufacturers’ shipment is blocked frequently, and the ex factory prices are falling one after another, which stimulates the downstream to purchase in the market. But the effect is not good, downstream market enthusiasm is limited, manufacturers in inventory pressure, forced to drop factory prices, market weakness.

 

Looking at the LPG futures market again, the futures market fell frequently in late January, which had limited positive effect on the spot market. On January 26, the opening price of LPG futures contract 2103 was 3430, the highest price was 3455, the lowest price was 3331, the closing price was 3336, the former settlement price was 3453, and the settlement price was 3394, down 117, or 3.39%. The trading volume was 99325, the position was 54996, and the daily increase was 13083. (quotation unit: yuan / ton)

 

At present, Shandong’s civil gas market has largely stopped falling and stabilized. The slight rise of international crude oil has brought some positive support to the market. The mentality of the downstream has improved, and a small amount of gas has entered the market on demand, but the market transaction atmosphere has not improved significantly. At present, the inventory pressure of manufacturers is still high, and some manufacturers’ inventory is at a high level, and the positive market support is limited. It is expected that the price will continue to be weak in the short term, and there is still a possibility of decline.

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