Last week (12.18-12.22), the Shandong LPG market experienced a weak decline. According to the commodity market analysis system of SunSirs, the average price of LPG in the civilian Shandong market was 5,074 RMB/ton on December 18th, and 5,036 RMB/ton on December 22nd, a decrease of 0.75% during the cycle and a decrease of 1.99% compared to the same period last year.

Last week, the civilian LPG market in Shandong continued its downward trend. The phased replenishment of the civilian market within the week is nearing its end, and the demand for chemical products has decreased due to profit tightening, resulting in a decrease in operating rates. In addition, the impact of snowfall has led to a decrease in transportation capacity in some areas, resulting in poor upstream cargo flow. As of Friday, the mainstream price of LPG in the civilian market in Shandong is 4,950-5,050 RMB/ton.

Looking at the future market, the current supply of goods needs to be further digested, and the regional transportation capacity has returned to normal. However, there will be imported goods arriving at the port in the future, increasing supply pressure. It is expected that the LPG market will be weak and downward in the short term.

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