On August 3rd, the civilian market of LPG in Shandong stabilized at a high level, while the low level rose again, with mainstream prices ranging from 4,550 to 4,650 RMB/ton. Due to the high price, the enthusiasm for downstream restocking has weakened, and the wait-and-see atmosphere has become stronger. The upstream inventory position is low, and there is a strong willingness to raise prices. It is expected that the Shandong LPG market will consolidate and operate at a high level in the short term.

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