The Liquefied Gas Market Fluctuated Frequently in April and The Range Was Limited

In April, the overall domestic liquefied gas market fluctuated frequently, but the range was limited, and the overall focus of the Shandong civil gas market moved up slightly. According to the data monitoring of the business society, the average price of liquefied gas in Shandong market was 6270.00 CNY/ton on April 1, and the average price on April 26 was 6380.00 CNY/ton, an increase of 1.75% during the month, an increase of 52.88 compared with the same period last year. 

Although the domestic liquefied gas market fluctuated frequently in April, the overall trend was relatively firm, and the price of Shandong civil gas market moved up slightly. During the month, the market was dominated by favorable factors. The increase in CP prices in April brought certain benefits to the domestic market. Although the international crude oil market fluctuated and fell during the month, the price was at a high level, which brought relative support to the market. In addition, some manufacturers in the Shandong market have entered into maintenance this month, and the overall supply is low, and there is little pressure on the market supply. In terms of demand, the terminal demand is weak, the downstream maintains on-demand replenishment, and enters the market in stages, and some areas are affected by social public health events, and transportation is hindered.

The volatility and downturn of the LPG futures market in April brought limited benefits to the spot market. On April 26, the opening price of liquefied petroleum gas futures contract 2206 was 5767, the highest price was 5986, the lowest price was 5735, the closing price was 5906, the previous settlement price was 5897, and the settlement price was 5861, up 9, or 0.15%, the trading volume was 137246, and the open interest was 62761 , Day Masukura 1429. (quotation unit: CNY/ton).

Near the end of the month, the weak international crude oil brought limited support to the market, and the domestic liquefied gas civil market oscillated within a narrow range, with mixed ups and downs. The supply pressure of Shandong's civil gas market is not high, and prices are mainly strong. The May Day holiday is coming, and there is a certain replenishment demand in the downstream before the holiday, but the overall trading atmosphere is still limited. Bring a certain disadvantage. It is expected that the price of civil gas in Shandong may weaken in May.