Demand has Improved, and the Focus of the Liquefied Gas Market has Shifted Upward

This week, the overall trend of the domestic liquefied gas market was strong. The Shandong civil gas market first fell and then rose, and the center of gravity moved up slightly. According to the data monitoring of the business society, the average price of liquefied gas in Shandong market was 5,680.00 CNY/ton on August 22, and the average price on August 29 was 5,740.00 CNY/ton, an increase of 1.06% during the week, an increase of 21.27% compared with the same period last year. %.

This week, the domestic liquefied gas market is still dominated by the above behaviors. In terms of cost, the international crude oil fluctuated and rose during the week, which brought some support to the market. And the trend of related downstream products is good, which is good for the market mentality. In addition, some areas have recently cooled down, the terminal demand has improved, the downstream mentality is better, the market is more active, and the market trading atmosphere is moderate. The mentality of the manufacturers is generally firm, and the prices have been raised one after another in the late weeks of the week.

On August 29, the opening price of LPG futures contract 2210 was 5679, the highest price was 5762, the lowest price was 5622, the closing price was 5676, the previous settlement price was 5700, the settlement price was 5687, down 24, the trading volume was 146571, the open interest was 90975, and the daily Masukura -2033. (quotation unit: CNY/ton)

The recent rise in international crude oil prices has given the market significant support in terms of cost. As the traditional off-season draws to a close, the demand side is expected to improve in the later period, the downstream mentality is better, and the market trading atmosphere is moderate. In addition, there is no obvious change in the supply of Shandong market.