In the peak season of October, the LPG market finally stepped out of the downward trend and started to rise. According to the data of SunSirs, the average price of LPG in Shandong market was 2,776.67 RMB/ ton on October 1, and 3,100.00 RMB/ ton on October 31, with an increase of 11.64% in the month and a decrease of 18.78% over the same period of last year.

In October, the civil market of LPG rose as a whole, with a rapid rise in the first half of the month and consolidation in the second half.

In October, the temperature continued to drop, especially in the Northern China, the domestic demand increased, leading to a periodic imbalance between supply and demand in the market. Under multiple favorable conditions, prices continued to rise.

In late October, the LPG market in Shandong entered the consolidation stage after rising. Although the overall fluctuation was frequent, the range was relatively limited. The overall trend of the last ten days showed a trend of first falling, then rising, then falling and then rising. At present, the supply of civil gas market in Shandong is basically stable, the market transaction atmosphere is mild, the downstream market entry enthusiasm is good, the manufacturers' shipment is smooth, and the inventory is mostly in a controllable state.

With the end of the October peak season, the LPG market as a whole performed better. However, the weakness of international crude oil at the end of the month has brought some restraint to the market. At present, the inventory of most enterprises is in a controllable state. In the later stage, with the continuous decline of temperature, there is still a certain expectation of improvement in demand, and there are still factors in peak season. Moreover, the CP price was introduced in November, and the propylene butane all rose sharply, which brought certain benefits to the market. It is expected that the civil gas in November may still rise in China.

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