In the peak season of October, the LPG market finally stepped out of the downward trend and started to rise. According to the data of the business agency, the average price of LPG in Shandong market was 2776.67 yuan / ton on October 1, and 3100.00 yuan / ton on October 31, with an increase of 11.64% in the month and a decrease of 18.78% over the same period of last year.

Although the peak season of this year’s (2020) LPG civil market is slower than expected, the price rise has not been absent. In October, the civil market of liquefied petroleum gas (LPG) is dominant on the whole, with a rapid rise in the first half of the month and consolidation in the second half.

On October 30, the mainstream prices of LPG in various regions in China were as follows:

Specification, mode of transportation, region, date, mainstream price

Civil gas transportation in North China October 30: 3150-3200 yuan / ton

Civil gas and automobile transportation in East China October 30: 3250-3500 yuan / ton

Civil gas and automobile transportation in South China October 30 3450-3650 yuan / ton

Civil gas transportation by truck in Shandong province October 30: 3070-3100 yuan / ton

Transportation of civil gas by truck in Northeast China October 30: 2950-3150 yuan / ton

Civil gas and automobile transportation in Western China October 30: 3000-3120 yuan / ton

During the double festival holiday, the market opened the upward route. After the festival is continued to rise sharply, the rise in South China is the most prominent rise, the market is more sustained. Prices have fallen to a relatively low level in September. In October, international crude oil rose more than fell, bringing strong support to the market. After the festival, the downstream inventory and replenishment demand was more positive, the manufacturers shipped smoothly, and the inventory was mostly at a low level. In terms of market supply, the import gas at the port decreased significantly compared with that in September. In terms of market demand, the weather temperature continued to drop in October, especially in the northern market, where the terminal demand increased, resulting in a phased imbalance between supply and demand. Under multiple favorable conditions, prices continued to rise.

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.

In October, LPG futures market was mainly volatile and fell, which was limited to the spot market

On October 30, 2012, the opening price of LPG futures was 3719, the highest price was 3939, the lowest price was 3655, the closing price was 3885, the previous settlement price was 3730, and the settlement price was 3809, with an increase of 155 or 4.16%, the trading volume was 217251, the position was 41980, and the daily increase was 2902. (unit: yuan / ton)

On the whole, with the end of the “ten” liquefied gas market. However, the weakness of international crude oil at the end of the month has brought some restraint to the market. At present, the inventory of most enterprises is in a controllable state. In the later stage, with the continuous decline of temperature, there is still a certain expectation of improvement in demand, and there are still factors in peak season. Moreover, the CP price was introduced in November, and the propylene butane all rose sharply, which brought certain benefits to the market. It is expected that the civil gas in November may still rise.