In July, the civilian LPG market in Shandong fluctuated and rose. According to data monitoring by SunSirs, the average price of LPG in the civilian Shandong market was 3,800 RMB/ton on July 1st, and 4,030 RMB/ton on July 27th. The monthly increase was 6.05%, a decrease of 28.42% compared to the same period last year.

In July, the civilian market of LPG in Shandong rebounded and prices continued to rise. On the supply side, there has been a slight increase in refinery supply due to the low prices in the early stage, and the stock situation is still good, resulting in little pressure on on-site inventory. On the demand side, the demand for civilian goods is mainly based on demand, with active replenishment at low levels, and stable procurement in the chemical industry. On the news side, crude oil prices have fluctuated upwards, while propane prices have stopped falling and risen, supporting the upward trend of LPG prices.

In July, the LPG futures market experienced strong volatility, with multiple positive factors such as Saudi Arabia's production reduction, oil price rebound, and increased chemical demand. Despite the strong trend of LPG volatility, there is still loose pressure on the spot side, and it operates under pressure during the off-season. The sentiment of the market has improved due to the boost from the crude oil end, but the pressure of warehouse receipt cancellation limits its upward space, with low volatility being the main factor.

Overall, the current demand for combustion is still in the off-season. With the rise of prices, the future civilian market mainly consumes inventory. The basic support of the current LPG market is still acceptable, and it is expected that the short-term future LPG civilian market will remain stagnant and operate smoothly.

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