In January, 2021, the LPG civil market was quite attractive. In January, Shandong's civil market first rose sharply, then fell continuously, and fluctuated greatly and frequently during the month. According to the data monitoring of business news agency, the average price of LPG in Shandong market was 3,490.00 RMB/ ton on January 1 and 3,633.33 RMB/ ton on January 31, with an increase of 4.11% in the month and the largest earthquake amplitude of 21.30%, up 14.74% compared with December 1.
The trend of Shandong LPG market in January can be divided into three stages. From January 1 to 13, the market rose at the beginning and the price rose rapidly to a high level; from January 13 to 25, the market plunged sharply and the price fell to the level before the rise; from January 25, the market rebounded slightly and stabilized at the end of the month.
Let's look at the LPG futures market. In January, the futures market rose first and then fell, with limited positive effect on the spot market. On January 29, the opening price of LPG futures contract 2103 was 3,302 RMB/ ton, the highest price was 3,342 RMB/ ton, the lowest price was RMB/ ton 3,253, the closing price was 3,301 RMB/ ton, the former settlement price was 3,316 RMB/ ton, the settlement price was 3,298 RMB/ ton, down 15, or 0.45%. The trading volume was 124,355, the position was 58,447, and the daily increase was -2,295.
At present, the CP price is released in February, and the price of propylene butane continues to rise. The increase of imported gas cost has brought some support to the market. In addition, the international crude oil rose sharply on February 1, and the news was good for the market mentality. Shandong civil gas market began to stop falling and rising at the end of last month. With the arrival of the Spring Festival holiday, the downstream entered the market for replenishment before the festival. However, in the later stage, with the decline of transportation capacity, the market transaction atmosphere may be weakened, and the price may rise slightly before the festival. In February, the LPG civil market may rise in shock.
