Cost support: liquefied gas market prices rose at the beginning of the month

In the first month of June, the overall trend of the domestic liquefied gas market was strong, and the Shandong civil gas market was mainly on the rise after the holiday. According to data monitoring, the average price of liquefied gas in Shandong market was 6237.50 CNY/ton on June 1, and the average price on June 7 was 6362.50 CNY/ton, an increase of 2.00% during the period, and an increase of 53.93% compared with the same period last year.

At the beginning of the month, it was the Dragon Boat Festival holiday, the overall trend of the domestic liquefied gas market was firm, and the price focus of Shandong's civil gas market moved up. The rise in the market is mainly positive from the international crude oil. After the holiday, the international crude oil fluctuated and rose, which brought obvious support to the market. In addition, there is a certain demand for replenishment downstream after the holiday, the market trading atmosphere is mild, the manufacturer's mentality is strong, and the price is raised. However, due to the weak terminal demand, the rising market was hindered. In addition, the current civil gas price was at a relatively high level, and the market continued to rise due to insufficient motivation, and the price fell within a narrow range on the 7th.

On June 7, the opening price of LPG futures contract 2207 was 5932, the highest price was 6045, the lowest price was 5923, the closing price was 5976, the previous settlement price was 5966, the settlement price was 5996, up 10, the trading volume was 121019, the open interest was 52110, and the daily Masukura -3599. (quotation unit: CNY/ton)

The current high international crude oil price has brought obvious support to the market. However, with the arrival of the off-season, the terminal demand is weak, the market trading atmosphere is limited, and the price of civil gas is at a high level, making it difficult for the market to rise. It is expected that the price of Shandong's civil gas market may fluctuate and decline in the short term.