In July, the civil LPG market showed an upward trend, and the price continued to rise. In August, although the off-season has not passed, the market continued to rise and continued to take the lead, with the increase slightly narrowed. According to the data monitoring of SunSirs, the average price of LPG in Shandong market on August 1 was 3,116.67 RMB/ ton, and that on August 7 was 3,166.67 RMB/ ton, up 1.6% in the week and 14.73% higher than that in July 1.

The main reasons for the rise of gas price in the month are as follows: CP rose in July, which was higher than expected, which brought some support to the market; the international crude oil trend was better in the month, rising more than falling; in July, the refinery centralized maintenance, the overall market supply decreased. Lower reaches of the market have positive attitudes, manufacturers’ shipments go smoothly, and market transactions are good. There is no pressure on the manufacturer's stock.

In the first week of August, although the traditional off-season has not passed, the price rise has not stopped. The market continued its July rally in the first week, up 1.6% during the week. At the beginning of the week, the market first returned to rationality. Due to the resistance of the downstream to high prices, manufacturers are hindered in shipping, most of which are to lower prices slightly to stimulate downstream market. Subsequently, due to the slight increase of CP price in August and the slight rise of international crude oil during the week, the overall supply of the market did not change much, and the support price rose again under multiple favorable conditions. The enthusiasm of the downstream to enter the market turned active, and they entered the market to replenish goods one after another. At present, the overall inventory of manufacturers is controllable and the production and sales are balanced.

In the future, with the completion of centralized maintenance of refineries, market supply is expected to rise, the current price is at a relatively high level, the short-term good is limited, and the market is mainly adjusted in a narrow range. In the long run, in terms of demand, at present, autumn is beginning, the temperature is gradually decreasing, and the terminal demand is gradually increasing. In late August or early into the peak season, it is expected that LPG price will still have a significant rise in August.

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