SunSirs: Chinsa LPG Price was Firm and Rising at the End of July

2021-09-10by admin

  Near the end of July, the civil LPG market continued to rise, and the price still rose. According to the data monitoring of SunSirs, the average price of LPG in Shandong civil market was 4,466.67 RMB/ ton on July 22 and 4,533.33 RMB/ ton on July 26, with an increase of 1.49% and 4.78% compared with July 1.

  Near the end of the month, the overall domestic LPG price is still rising. On July 26, the market price of LPG in Shandong and East China was strong, and most of them delivered steadily; The overall price of South China market has increased, and the overall shipment situation of the market along the river is good, and the price has increased. Last weekend, the mainstream transaction price of Shandong civil gas was around 4,540-4,550 RMB/ ton. The enthusiasm of downstream market entry is fair, and the overall transaction atmosphere of the market is mild. Only individual manufacturers make small profits and ship goods according to their own conditions.

  The recent surge in LPG futures market has brought certain benefits to the spot market. On July 26, the opening price of LPG futures contract 2109 was 4,946, the highest price was 5,047, the lowest price was 4,918, the closing price was 4,963, the former settlement price was 4,972, the settlement price was 4,966, down 9, down 0.18%, the trading volume was 90,800, the position was 67,026, and the daily position was increased -3,421(Quotation unit: RMB/ ton)

  Although the market is currently in the traditional off-season and the terminal demand is weak, due to the low overall supply in Shandong market, most refinery inventories are at the low level, the upstream mentality is good, coupled with the high operation of international crude oil, the overall market entry atmosphere in the downstream is more positive and the price is strong. At present, there are still positive factors in the market. It is expected that the market price of civil LPG in Shandong China is unlikely to fall sharply in the short term.