In August, the Shandong LPG civilian market rose first and then fell, with an overall increase. According to data monitoring by SunSirs, the average price of LPG in the civilian Shandong market was 4,380 RMB/ton on August 1st, and 4,830 RMB/ton on August 30th. The monthly increase was 10.27%, a decrease of 18.14% compared to the same period last year.

In early August, the domestic LPG market rose strongly. Due to the basic bottoming out of LPG prices in July, on-site inventory remained low, and the recent shortage of port cargo sources has led to smooth transportation of goods on site, resulting in low inventory levels for enterprises. Downstream purchases have risen and entered the market, leading to a strong rise in LPG prices. In mid August, the price of LPG rose to a high point, and the market price rose from a low point to a stable high point. Downstream replenishment came to an end, and demand decreased. In late August, the LPG market experienced a tumultuous decline, leading to a decrease in downstream enthusiasm for receiving goods and a weakening of the trading atmosphere. Subsequently, upstream prices were lowered for shipping, while downstream prices were bargained and entered the market. As a result, the trading center of LPG prices shifted downwards.

The LPG futures market in August also showed a continuous upward trend, with significant overseas cost support and a collective increase in international energy prices. However, LPG itself has loose supply and demand, and demand remains relatively weak, with limited momentum to continue to rise.

Overall, the current demand for chemical products is relatively strong, with the weather gradually turning cold and civilian demand gradually increasing in the future. With the expectation of the gold nine silver ten market, it is expected that the LPG market will tend to be strong and upward in the future.

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