Last week, Shandong civil gas market fluctuated and rose, with frequent but limited fluctuations during the week. According to the data monitoring of SunSirs, the average price of LPG in Shandong civil market was 4,733.33 RMB/ ton on August 29 and 4,743.33 RMB/ ton on September 3, with an increase of 0.21% during the week and 4.25% compared with the same period last year.
Last week, the trend of Shandong civil gas market showed a down up down trend. Although the price was adjusted frequently during the week, the range was small, and the overall narrow consolidation was the main trend.
Last week, the LPG futures market fluctuated higher, which brought positive support to the spot market. On September 3, the opening price of LPG futures contract 2110 was 5,222, the highest price was 5,340, the lowest price was 5,175, the closing price was 5,332, the former settlement price was 5,138, the settlement price was 5,244, up 194, or 3.78%, the trading volume was 90,974, the position was 46,248, and the daily position was increased by -96(Quotation unit: RMB/ ton).
At present, the international crude oil rises sharply, the supply in the region is low, and the LPG futures market also rises sharply, which brings benefits to LPG market. With the arrival of the traditional peak season in September, the terminal demand is expected to increase. It is expected that LPG Shandong market may rise in the short term. More attention should be paid to the trend of crude oil.
