According to the commodity market analysis system of SunSirs, the Shandong LPG market continued to rise last week (4.15-4.19). On April 15th, the average price of LPG in the civilian Shandong market was 4,912 RMB/ton. On April 19th, the average price was 5,000 RMB/ton, an increase of 1.70% during the cycle and a decrease of 4.94% compared to the same period last year.

Last week, the civilian LPG market in Shandong showed a strong trend. The downstream chemical demand has improved, especially with a slight increase in PDH production, which has increased the demand for LPG. In addition, the impact of some upstream parking has led to a tightening of supply, accelerated supply of goods in the region, and continued upward trend in LPG prices.

In the future, the supply side remains stable, with little change in demand for civilian combustion. Downstream chemical factories have expectations of resuming work and increasing demand. It is expected that the LPG market will experience strong fluctuations in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.