In the half of September, the LPG market has not yet waited for the market to recover, but continued to fall. According to the data monitoring of the business agency, the average price of LPG in Shandong market on September 1 was 3200.00 yuan / ton, and that on September 15 was 2923.33 yuan / ton, a decrease of 8.65% and a decrease of 6.20% compared with January 1.

In the first week of September, although there was a decline in the LPG civil market, the amplitude was not large. At the end of August, with the introduction of Saudi Aramco’s CP price in September, although there was a rise, the increase was significantly lower than expected, which provided limited support to the market. With the arrival of autumn, the temperature gradually drops, the weather turns cool, and the terminal demand is expected to increase. However, due to the current market situation, the terminal consumption is still weak, most of the downstream purchasing capacity is insufficient, and the shipping atmosphere of manufacturers is not good. The market supply of liquefied gas has little change and the output is relatively sufficient. The civil market for liquefied gas fell slightly.

In the second week of September, the decline trend of LPG civil market remained unchanged, and the focus continued to move downward, and the range was more obvious. According to EIA data, US commercial crude oil inventories increased unexpectedly last week, partly due to continuous production cuts at refineries along the Gulf Coast damaged by the hurricane. International oil prices continued to fall, news negative market mentality. And downstream demand did not increase, mainly consumed inventory, the overall market trading atmosphere slightly light. In addition, the early shutdown of enterprises has been restored, the market supply has increased, increasing the sales pressure. Down stream wait-and-see sentiment is strong, enter the market operation cautiously. Manufacturers did not improve shipment, inventory pressure gradually increased. Continuously reduce the price and give priority to shipment. The prices of some manufacturers have fallen below 3000 yuan / ton.

As of September 16, most of the Southern markets were down, with weak demand in South China and poor trading atmosphere in the market. Refineries fell sharply by about 50-100 yuan / ton. The decline range of the northern market was narrowed, and some enterprises still had small rises. The price in Shandong was about 20 yuan / ton, and the price in Northeast China was relatively strong.

Specification, mode of transportation, region, date, mainstream transaction price

Civil gas and automobile transportation in North China September 16: 3050-3100 yuan / ton

Civil gas and automobile transportation in East China on September 16, 2910-3010 yuan / ton

Civil gas transportation by automobile in South China September 16: 2800-2850 yuan / ton

Civil gas and automobile transportation in Shandong Province on September 16, 2950-3020 yuan / ton

Civil gas transportation by truck in Northeast China September 16 2850-3050 yuan / ton

Civil gas and automobile transportation in Western China on September 16, 2860-3180 yuan / ton

LPG futures market continues to decline, which forms a pressure on the spot market

On September 15, 2011, the opening price of LPG futures was 3425, the highest price was 3445, the lowest price was 3377, the closing price was 3402, the previous settlement price was 3414, and the settlement price was 3413, down 12 or 0.35%, the trading volume was 131504, the position was 81542, and the daily increase was – 1238. (unit: yuan / ton)

At present, the international crude oil price falls sharply, which forms a significant pressure on the LPG market. At present, although the weather and temperature in the North has turned cooler, the temperature is still relatively high, the terminal demand continues to be weak, the downstream market entry enthusiasm is not high, and the market supply is sufficient, the manufacturer’s shipment situation is general, and the inventory is mostly in the middle high level. In the first ten days of September, the negative atmosphere of the market was relatively strong, and the downstream lacked confidence in the future market. In the short term, it is difficult to make an obvious breakthrough in the civil market of LPG. In the long run, the terminal demand is still expected to improve, and the downstream storage and replenishment demand before the festival, the market is still expected to rise.