From the end of March, the LPG market was dominated by favorable factors and entered the upward channel again. According to the data monitoring of business society, the average price of LPG in Shandong market was 3826.67 yuan / ton on March 28 and 4000.00 yuan / ton on April 1, with an increase rate of 4.53% in the past four days, up 7.62% compared with March 1.

As of April 1, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream price

Civil gas and automobile transportation in North China: RMB 3850-3970 / T

Civil gas and automobile transportation in East China: RMB 4010-4150 / T

Civil gas and automobile transportation in South China: RMB 4060-4150 / T

Civil gas and automobile transportation in Shandong Province: 3950-4000 yuan / ton

At the end of March, the LPG market was once again on the rise, and the price continued to rise. At present, the average price of Shandong civil gas market is back to 4000 yuan / ton. First of all, the international crude oil market fluctuated frequently during the week, and the price was high first and then low, but the overall rise brought some support to the LPG market. Secondly, driven by related products, propane and C4 after ether both went up, which also brought certain benefits to the market. At the beginning of the week, the lower reaches had a positive attitude and entered the market more actively. Most of the manufacturers delivered goods smoothly, the inventory was generally low, and the price continued to rise. But the price rise is not easy, the current market negative factors still exist. Saudi Aramco’s CP price was released in April, and the price of propane and butane all fell. One of the reasons is that the decline in the cost of imported gas has brought a certain negative impact on the domestic market. The supply side of Shandong market is relatively sufficient, but the lack of demand follow-up is the second. With the price continuously rising to a relatively high level, the resistance of the downstream increased, and they withdrew from the market one after another to wait-and-see, and the transaction atmosphere of the market obviously weakened.

Recently, the LPG futures market has been mainly volatile, which brings limited benefits to the spot market. On April 1, the opening price of LPG futures contract 2105 was 3887, the highest price was 3914, the lowest price was 3770, the closing price was 3782, the former settlement price was 3865, the settlement price was 3842, down 83, or 2.15%. The trading volume was 83069, the position was 24450, and the daily increase was – 9431. (quotation unit: yuan / ton)

In the future, although the current civil gas market is dominated by short-term positive factors and continues to rise, there are still negative factors in the market. The decrease of imported gas cost obviously brings some negative factors to the domestic market, and the fluctuation of international crude oil is frequent. In the later stage, with the gradual increase of weather and temperature, the market demand is expected to weaken. The current price is relatively high, and there is little room for later rise. It is expected that the trend of Shandong civil gas market in April is still weak.