According to the commodity market analysis system of SunSirs, the Shandong LPG market steadily rose this week (5.6-5.10). On May 6th, the average price of LPG in the civilian Shandong market was 5,120 RMB/ton, and on May 10th, the average price was 5,150 RMB/ton, an increase of 0.50% during the cycle, an increase of 6.98% compared to the same period last year.

The trend of the civilian LPG market in Shandong this week is still good, with refineries slightly pushing up, and the market atmosphere is good. From the supply side perspective, stable production of on-site devices and low inventory support the mentality of operators. From the demand side, with the support of chemical demand, downstream actively enters the market, resulting in stable demand. Burning demand enters the off-season, maintaining essential needs.

In the future, there is not much change in the supply side. With the rise of LPG prices, downstream resistance has increased. At the same time, it is expected that LPG may experience a slight decline in the short term due to the impact of the decline in import gas prices.

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