At the beginning of December, the domestic liquefied gas market continued a weak trend as a whole, and the price continued to decline. The civil gas market in Shandong was mainly reduced by a narrow margin. However, with the sharp rebound of international crude oil on the 7th, the domestic liquefied gas market stopped falling, and some regions followed the upward trend. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 5340.00 yuan / ton on December 1 and 5260.00 yuan / ton on December 7, with a decrease of 1.50% and an increase of 58.59% over the same period last year.

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

region Mainstream quotation

North China 5070-5250 yuan / ton

East China 4850-5100 yuan / ton

South China 5300-5520 yuan / ton

Shandong region 5200-5450 yuan / ton

In December, the domestic civil liquefied gas market continued to be weak, the focus continued to move downward, the decline in Shandong was limited, and the price fluctuated mainly in a narrow range. Entering this week, the market was dominated by positive factors, and the domestic liquefied gas market stopped falling. On the 7th, international crude oil rebounded sharply, bringing obvious support to the market. The LNG futures market rose sharply one after another, bringing certain benefits to the spot market. Although the price in Shandong has not increased significantly, the market transaction atmosphere has improved. On the whole, the prices in North China and Western China follow the upward trend in the domestic liquefied gas market.

The recent sharp rise of LPG futures market has given a certain boost to the spot market. On December 7, the opening price of LPG futures contract 2201 was 4397, the highest price was 4483, the lowest price was 4374, the closing price was 4475, the former settlement price was 4237, the settlement price was 4423, up 238, or 5.62%, the trading volume was 167186, the position was 62910, and the daily position was increased by – 7271. (quotation unit: yuan / ton)

At present, the international crude oil continues to rise, and the news is good for the market mentality. In addition, the upward trend of LPG futures has also brought a certain boost to the market. Although the civil gas in Shandong liquefied gas market has not increased significantly, the prices in some regions follow the upward trend of crude oil. At present, the supply of Shandong market has not changed much, and the overall refinery inventory is at a controllable level. It is expected that the price may increase in the short term.