Last week (7.26-31), the overall rise and fall of LPG civil market was not uniform, and the price in Shandong mainly fluctuated in a narrow range. According to the data monitoring of SunSirs, the average price of LPG in Shandong market was 3,110.00 RMB/ ton on July 26 and 3,116.67 RMB/ ton on 31 July, with an increase of 0.21% during the week. During the period, the price fluctuated with the maximum amplitude of 2.73%, and the price rose by 12.92% compared with that in July and January at the beginning of the month.

Last week, the civil market of LPG in Shandong was mainly volatile, with the highest earthquake amplitude of 2.64%. At the beginning of the week, the civil gas market was in a downward trend. Due to the continuous push up of Shandong market in the early stage, the price rose to a high level, and the downstream was mainly wait-and-see, and the market transaction atmosphere was obviously weakened. The price rebounded on Tuesday, with international crude oil rising slightly as a whole, which brought some support to the market. Civil gas was boosted by this slight upward trend. With the introduction of CP price rise in August, the propylene butane increased by $5/ ton. The market was boosted, and replenishment was increased in the downstream buying mentality. The market atmosphere improved and continued to push up. However, the decline of international crude oil on Friday morning affected the market mentality, and the downstream was delisted again, mainly consuming inventory. Manufacturers adjusted according to their own situation, and some fell slightly. At present, there is little change in domestic supply, which is slightly lower than last week.

During the week, the Shandong market of civil gas was mainly volatile and the shipping atmosphere was relatively mild. However, considering that it is still in the low season in July, which is still the traditional off-season, the weather temperature is high, the terminal demand needs to be improved, the price has risen to a relatively high level, the downstream acceptance capacity is limited, and the driving force for further rising may be insufficient. However, at present, the overall inventory in the region is controllable, which supports the market. It is expected that the general trend of China civil gas market will stabilize with individual narrow adjustment in the short term.

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