After the May Day holiday, the domestic liquefied gas market rose as a whole, and the civil gas market in Shandong fluctuated and rose, with prices mostly around 6400 yuan / ton. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 6340.00 yuan / ton on May 1 and 6470.00 yuan / ton on May 7, with an increase of 2.05% and 52.83% compared with the same period last year.

As of May 7, the mainstream prices of liquefied gas in various regions of China are as follows:

Region., Mainstream quotation

North China., 6000-6400 yuan / ton

South China., 6390-6600 yuan / ton

Northeast China., 5750-5900 yuan / ton

Shandong Province., 6380-6600 yuan / ton

After May Day, the domestic liquefied gas market trend is strong, and most of the prices are dominated by the behavior. During the May Day holiday, the international crude oil rose significantly, which brought obvious support to the market in terms of cost, and the liquefied gas market increased during the holidays. After the festival, there is a certain replenishment demand in the downstream, with good enthusiasm for entering the market and mild market transaction atmosphere. In addition, there is little pressure on the supply of Shandong civil gas market, the manufacturers ship smoothly, have a strong attitude and raise the price. However, there are still negative factors in the current market. With the end of replenishment after the festival, the downstream has withdrawn from the market and consumed inventory. The market transaction atmosphere has weakened compared with that in the early stage. In addition, the weak terminal demand has brought obvious restraint to the market.

After the festival, the LPG futures market rose first and then fell, which brought limited support to the spot market. On May 6, the opening price of LPG futures contract 2206 was 6285, the highest price was 6340, the lowest price was 6120, the closing price was 6182, the former settlement price was 6257, the settlement price was 6226, down 75, the trading volume was 136144, the position was 57610, and the daily position was increased by – 624. (quotation unit: yuan / ton)

At present, the international crude oil continues to rise, and the news is good for the market mentality, but the overall trading atmosphere of the market is limited. As the weather continues to warm after the festival, the terminal demand is weak. After the downstream replenishment after the festival, they withdraw from the market one after another to consume inventory, but the supply pressure of Shandong market is not large, which brings some support to the market. It is expected that the market price of Shandong civil gas may weaken in the short term, and the range may be limited.