The domestic liquefied gas market rose sharply in September. The average price of Shandong civil gas market exceeded 5000 yuan / ton in the middle of the month. The current rise is still continuing, and the price may exceed 5500 yuan / ton in October. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 4760.00 yuan / ton on September 1 and 5273.33 yuan / ton on September 29, with an increase of 10.78% during the month and 89.92% compared with the same period last year.
As of September 29, the mainstream prices of liquefied gas in various regions in China are as follows:
Specifications type of shipping region Mainstream quotation
Civil gas Automobile transportation North China 5100-5300 yuan / ton
Civil gas Automobile transportation East China 5000-5350 yuan / ton
Civil gas Automobile transportation South China 5220-5320 yuan / ton
Civil gas Automobile transportation Shandong region 5200-5320 yuan / ton
Since this year (2021), the overall trend of domestic liquefied gas has been strong, and the price is at a relatively high level. With the arrival of the traditional sales peak season in September, the price of liquefied gas civil market continues to rise, and the overall focus has shifted upward. At present, the civil ex factory quotation of liquefied gas in Shandong is mostly above 5200 yuan / ton, rising to the highest point in the year.
In September, Shandong civil gas can be divided into two parts: the first half of the month and the second half of the month. In the first half of the month, it was adjusted horizontally, then it rose rapidly, and the rise continued to the middle of the month. In the second half of the month, the price fluctuated higher. Although the fluctuation was frequent, the overall fluctuation range was limited. At the beginning of the month, as the off-season just passed, the terminal demand did not increase significantly, the market benefits were limited, and the price was mainly adjusted in a narrow range. Since September 5, dominated by favorable market factors, Shandong civil gas market has ushered in a sharp rise. During this period, the sharp rise of international crude oil has boosted the market mentality, and some maintenance enterprises have not recovered, so the supply in the region is relatively tight. In addition, affected by the Mid Autumn Festival holiday, there is a certain replenishment demand in the downstream before the festival, the market entry is relatively positive, the overall transaction atmosphere in the market is good, the manufacturer’s mentality is strong, and the price continues to rise.
In the second half of the month, Shandong civil gas market fluctuated and rose. During the Mid Autumn Festival holiday, affected by traffic and transportation restrictions, downstream delisting and inventory digestion, manufacturers’ shipments were not smooth, profits were made one after another, and prices fell. In the later stage, with the end of the holiday, the rise of international crude oil has significantly boosted the market, and the supply in the region has not fully recovered. The market entry is more active in the downstream buying mentality. The overall transaction atmosphere in the market is mild, the manufacturer’s shipment situation improves, and the rising market will be welcomed again within the month. In September, the overall transaction atmosphere of Shandong civil gas market was mild.
In September, the LPG futures market rose violently and the trend was strong, which brought some positive support to the spot market. On September 28, the opening price of LPG futures contract 2111 was 5963, the highest price was 6260, the lowest price was 5880, the closing price was 6250, the former settlement price was 5874, the settlement price was 6046, up 376, or 6.40%, the trading volume was 234972, the position was 82530, and the daily position was increased by 9410. (quotation unit: yuan / ton)
Although the golden nine has ended, the silver ten is about to open. The demand for liquefied gas in the civil market is still expected to improve in the later stage, and the high operation of international crude oil has brought obvious support to the market. CP will be issued in October, and it is expected to continue to rise, boosting the market mentality. It is expected that the LPG market in Shandong will continue to rise in October and is expected to rise above 5500 yuan / ton.
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