In late October, although the LPG market was not as bright as the first ten days, the overall trend was also relatively strong. According to the data monitoring of business agency, the average price of LPG in Shandong market was 3150.00 yuan / ton on October 15, and 3133.33 yuan / ton on October 28, with a decrease of 0.53% and a maximum amplitude of 2.69%, which was 14.41% higher than that on October 1.
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In late October, the LPG market in Shandong Province has entered the consolidation stage after rising. Although the overall fluctuation is frequent, the range is relatively limited. The overall trend of the last ten days showed a trend of first falling, then rising, then falling and then rising. Due to the rapid rise in the civil price of LPG in the first ten days of October, after the manufacturer’s quotation rose to a relatively high level, the downstream acceptance ability was limited, the resistance was strengthened, and the mentality was cautious. The manufacturers’ shipment situation was obviously weakened compared with the previous period. Since October 15, the factory price was forced to be reduced and the shipment was mainly carried out at a profit.
With the profits of manufacturers, the price continued to fall, and the downstream bargain hunting and replenishment operations increased, the market trading atmosphere turned better, and the manufacturers’ shipment was generally smooth. Moreover, due to the controllable inventory, the market ushered in an upward market on October 21. However, due to the decline of international crude oil during this period, which brought some pressure to the market, the market fell again at the weekend (10.24-25), and a slight rebound was ushered in on the 27th. At present, the supply of civil gas market in Shandong is basically stable, the market transaction atmosphere is mild, the downstream market entry enthusiasm is good, the manufacturers’ shipment is smooth, and the inventory is mostly in a controllable state.
On October 27, the mainstream prices of LPG in various regions in China were as follows:
Specification, mode of transportation, region, date, mainstream transaction price
Civil gas transportation in North China October 27: 3150-3200 yuan / ton
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Civil gas and automobile transportation in East China October 27: 3270-3400 yuan / ton
Civil gas and motor transportation in South China October 27 3500-3550 yuan / ton
Civil gas transportation by truck in Shandong province October 27: 3070-3100 yuan / ton
Civil gas transportation in Northeast China October 27 3100-3150 yuan / ton
Civil gas and automobile transportation in Western China October 27 2900-2980 yuan / ton
At present, the performance of domestic LPG civil market varies from region to region. East China region has a general shipping situation, and refineries have a small margin of profit to stimulate the shipment operation; South China is dominated by the decline of international crude oil and weak consolidation; petrochemical enterprises in North China are relatively strong, with a small quoted price of 50-100 yuan / T; Northeast China is mainly stable, and the market lacks substance due to general demand Good.
LPG futures market recent shocks and falls on the spot market is limited
On October 14, the opening price of the main contract of LPG futures in 2011 was 3699, the highest price was 3761, the lowest price was 3668, the closing price was 3737, the previous settlement price was 3687, and the settlement price was 3723, with an increase of 50 or 1.35%. The trading volume was 116423, the position was 33984, and the daily increase was – 2200. (unit: yuan / ton)
In October, the LPG market performed well as a whole. Near the end of the month, the weakness of international crude oil has brought some pressure on the market, but at present, most enterprises’ inventory is in a controllable state, and there are still some factors in the current peak season, and there is still a certain expectation of improvement in demand. Moreover, the strong growth trend of propane market brings certain benefits to the market, and it is expected that civil gas may still rise in November.
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