The market turnover was moderate, and the price of liquefied gas returned to the rising route

This week, the domestic liquefied gas market returned to the upward route, and the price rose continuously. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 5380.00 yuan / ton on January 17 and 5580.00 yuan / ton on January 24, with an increase of 3.72% during the week and 9.63% compared with January 1.

 

EDTA

As of January 24, the mainstream prices of liquefied gas in various regions of China are as follows:

region Mainstream quotation

North China 4950-5250 yuan / ton

East China 5100-5460 yuan / ton

Northeast China 5200-5500 yuan / ton

Shandong region 5450-5650 yuan / ton

 

This week, the domestic liquefied gas market as a whole was dominated and the trend was relatively strong. During the week, Shandong civil gas market rose one after another, with a range of 150-300 yuan / ton. During the week, the international crude oil rose one after another, the news was good, the market mentality was good, and the market supply changed little. However, near the Spring Festival, there was a certain replenishment demand in the downstream, and the enthusiasm for entering the market was good. The overall trading atmosphere of the market was mild, the manufacturers shipped smoothly at the beginning of the week, and the inventory was mostly controllable. However, in the later part of the week, the enthusiasm for entering the market in the downstream weakened, and the market increase narrowed.

 

Melamine

Recently, the LPG futures market rose first and then fell, bringing phased benefits to the spot market. On January 24, the opening price of LPG futures contract 2203 was 4739, the highest price was 4805, the lowest price was 4510, and the closing price was 4515. The former settlement price was 4730, and the settlement price was 4687, down 215, or 4.54%. The trading volume was 255392, the position was 86664, and the daily position was increased by 10008. (quotation unit: yuan / ton)

 

At present, the trading atmosphere in the market is mild, the inventories of manufacturers are mostly in a controllable state, and the mentality is relatively strong. The civil gas market in Shandong is still rising, but the international crude oil market is in a negative market mentality. In addition, the Spring Festival is coming, and most downstream replenishment has been completed. The trading atmosphere is expected to weaken. It is expected that the upward space of civil gas prices in Shandong is limited, mainly strong in the short term

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