In May, the overall trend of the domestic liquefied gas market was weak. The civil gas market in Shandong was first high and then low, and the overall focus moved downward. According to the monitoring data of the business agency, the average price of liquefied gas in the civil Shandong market was 6340.00 yuan / ton on May 1 and 6150.00 yuan / ton on May 26, a decrease of 3.00% in the month and an increase of 47.60% over the same period last year.
As of May 26, the mainstream prices of liquefied gas in various regions in China are as follows:
Region, Mainstream quotation
North China, 6000-6250 yuan / ton
South China, 6050-6330 yuan / ton
Northeast China, 5800-6000 yuan / ton
Shandong region, 6100-6250 yuan / ton
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In May, the domestic liquefied gas market as a whole fell. The price of Shandong civil gas market only rose significantly at the beginning of the month, and then fell in the late period. After the May Day holiday, the international crude oil rose significantly during the holiday period, which brought support to the market in terms of cost. In addition, there was a certain demand for replenishment in the downstream after the holiday, with good enthusiasm for entering the market, mild market trading atmosphere and strong upward prices. However, in the later stage, with the weather heating up significantly, liquefied gas ushered in the traditional off-season demand, and the terminal demand was weak. After the downstream replenishment, it was mainly delisted to wait and see, and the market trading atmosphere was limited. In addition, the supply of Shandong civil gas market increased in the later period, which brought some bad news.
The shock and fall of LPG futures market in May brought limited support to the spot market. On May 26, the opening price of LPG futures contract 2207 was 5846, the highest price was 6064, the lowest price was 5826, the closing price was 6059, the previous settlement price was 5833, the settlement price was 5940, up 226, the trading volume was 149043, the position was 69828, and the daily position was increased by 4095. (quotation unit: yuan / ton)
At present, the continuous rise of international crude oil has brought obvious support to the market, but the negative factors still exist in the market. With the arrival of the off-season, the weak end demand situation is difficult to change in the short term, and the enthusiasm of downstream market entry is limited. In addition, compared with previous years, the price of liquefied gas this year is at a higher level, and the price rise is difficult. It is expected that the market price of Shandong civil gas may continue to be weak in June.
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