In August, the overall trend of domestic LPG market was strong, and the civil gas market in Shandong fell first and then rose, with the focus shifted upward. According to the data monitoring of SunSirs, the average price of LPG in Shandong civil market was 5,680.00 RMB/ ton on August 1, and 5,900.00 RMB/ ton on August 30, with an increase of 4.87% within the month and 24.39% compared with the same period last year.

In August, the trend of Shandong civil gas market can be divided into the first half of the month and the second half of the month. In the first half of the month, the negative factors concentrated, continuing the weakness in July, and the price continued to fall. In the second half of the month, there were obvious positive factors in the market, the trend was strong, and the price fluctuated and rose.

In August, the trend of LPG futures market was similar to that of the spot market. In the first half of the month, it fluctuated downward, and in the second half of the month, it obviously increased. On August 30, the opening price of LPG futures contract 2210 was 5,676, the highest price was 5,756, the lowest price was 5,636, the closing price was 5,732, the previous settlement price was 5,687, the settlement price was 5,695, up 45, the trading volume was 131,644, the position was 94,627, and the daily position was 3,652. (quotation unit: RMB/ ton)

At the end of August, the traditional off-season is nearing the end. With the gradual cooling of the weather in various regions in the later period, there is a certain expectation of improvement in terminal demand. In terms of cost, the international crude oil price rose at the end of the month, which brought obvious support to the market. However, there are still negative factors. At present, the market supply is relatively abundant on the whole, and it takes time to improve the demand. SunSirs analysts believe that China Shandong civil gas market may be consolidated first and then adjusted in September.

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