Market situation: PG2011 contract opened at 3,399 RMB/ ton, with a maximum price of 3,414 RMB/ ton, a minimum price of 3,365 RMB/ ton, and closed at 3,383 RMB/ ton, the same as the previous trading day; volume was 249,304, with 65,366 positions, a decrease of 2,536.

Industry chain information: 1. on May 20, the June CP was expected that propane would be $324/ ton, up $5/ ton compared with the previous trading day; butane would be $309/ ton, up $5/ ton compared with the previous trading day. 2. Dongxing LPG price in Zhanjiang was 2,600 RMB/ ton, 50 RMB/ ton higher than the previous day.

Market quotation: the quotation of LPG (domestic) in Guangzhou market was 2,600-2,650 RMB/ ton, 30 RMB/ ton higher than the previous day; the quotation of LPG (imported) in Guangzhou market was 2,630-2,680 RMB/ ton, even compared with the previous day.

Summary: EIA data shows that the commercial crude oil inventory in the United States has declined for two consecutive weeks, crude oil inventory in Kuxin region has declined significantly, and the international crude oil price has fluctuated; the Asian LPG market is stable; the East China LPG market is stable and rising, while the main refineries are slightly pushing up, while the downstream demand performance is average; the South China market is stable and rising, and the refineries adjust the price to increase the market center of gravity, and the terminal is low to make up The price difference narrowed, the downstream market actively received goods but the consumption capacity was limited; the wharf to ship plan was reduced, the upstream inventory pressure was eased, and the spot market was in shock.

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