Since the middle of November, the LPG market has been on the “slide”, showing a continuous downward trend, until the 23rd, the market stopped falling and rising. According to the data monitoring of business agency, the average price of liquefied gas in Shandong market was 3233.33 yuan / ton on November 15, and 3080.00 yuan / ton on November 23, with a decrease of 4.74%. On the 24th, it rebounded and rose by 1.95% in a single day. The quoted price was 3140.00 yuan / ton, up 1.29% compared with November 1.

As of November 24, the mainstream prices of LPG in various regions of China are as follows:

Specification, mode of transportation, regional mainstream transaction price

Civil gas and automobile transportation in North China 3100-3200 yuan / ton

Civil gas and automobile transportation in East China: 3230-3240 yuan / ton

Civil gas and automobile transportation in South China: 3300-3320 yuan / ton

Domestic gas transportation by truck in Shandong Province: 3050-3150 yuan / ton

Civil gas and automobile transportation in Northeast China: 2650-2800 yuan / ton

Domestic gas and automobile transportation along the river: 3260-3460 yuan / ton

Since the middle of November, the civil market of liquefied petroleum gas in Shandong Province has been continuously declining. Due to the lack of obvious favorable support in the market, the downstream mentality is cautious, the wait-and-see mood increases, the enthusiasm for entering the market is not high, manufacturers’ shipment is blocked, and the inventory is gradually increasing, so it is forced to reduce the ex factory price and stimulate downstream market entry. However, due to the weak terminal demand, the market trading atmosphere is slightly light, and the price is continuously weak.

On November 24, Shandong LPG civil market rebounded, with a single day increase of nearly 2%. Due to the continuous rise of international crude oil, the news boosted the market mentality. In addition to the heavy inventory pressure of some manufacturers, the ex factory prices were generally raised, ranging from 30-100 yuan / ton. The market atmosphere was good, and some manufacturers’ inventories were released. At present, the mainstream transaction price of Shandong civil gas market is around 3050-3150 yuan / ton. At present, the supply in Shandong is relatively stable, the demand is still weak, the inventory of manufacturers is mostly in a controllable state, and the mentality is still strong.

On November 24, the futures market and the spot market rebounded hand in hand. The opening price of LPG futures 2101 was 3565, the highest price was 3580, the lowest price was 3525, the closing price was 3560, the previous settlement price was 3529, the settlement price was 3550, up 31, or 0.88%, the trading volume was 57554, the position was 51596, and the daily increase was 4108. (unit: yuan / ton)

Currently, supported by international crude oil, Shandong civil gas market rebounds. The market supply is relatively stable, the inventory of manufacturers is under control, and the mentality is relatively strong. However, the ability of the downstream to accept high prices is limited. If the market is still not good in the short term, the rise of the civil gas market may be hindered, and horizontal consolidation is the main trend.