In October, the domestic liquefied gas market was weak, and the Shandong civil gas market rose first and then fell, which interpreted the weak market in the peak season. According to the data monitoring of SunSirs, the average price of liquefied gas in the civil Shandong market was 5,456 RMB/ ton on October 1 and 5,418 RMB/ ton on October 27, with a drop of 0.70% in October, 12.95% lower than the same period last year.

In October, the overall trend of the domestic liquefied gas market was weak, and the favorable support of the Shandong civil gas market was insufficient, and the price fluctuated downward. This year's (2022) Yinshi price was lower than that of last October, which represented a weak market in the peak season. During the National Day holiday, thanks to the rise of international crude oil, the liquefied gas market followed the trend. In addition, after the holiday, the lower reaches of the market were concentrated for replenishment. The market trading atmosphere was good, the manufacturers' mentality was firm, and the prices were continuously high. However, since October 10, the international crude oil fell for three consecutive days, which temporarily did not support the market and affected the mentality of the industry. The enthusiasm of downstream market entry has weakened, and the LNG market has been unable to continue to rise. The price began to weaken on October 11. Until the 14th, the crude oil rose again, which was good for the market mentality. The price of Shandong civil gas stopped falling. Some manufacturers raised the factory price slightly according to their own conditions. However, due to the limited market benefits in the later period, the liquefied gas market returned to a weak position at the end of the month, with a narrow downward trend.

In October, the LPG futures market rose as a whole, bringing relative support to the spot market. On October 27, the opening price of LPG futures contract 2212 was 5,160, the highest price was 5,200, the lowest price was 5,111, the closing price was 5,162, the previous settlement price was 5,098, the settlement price was 5,154, up 64, the trading volume was 93,418, the position was 68,434, and the daily position was 3766. (Quotation unit: RMB/ ton)

On October 26, international crude oil rose by 3%, bringing obvious support in terms of cost. The decline of Shandong civil gas narrowed, but the weakness remained unchanged. On the whole, the demand increase in October was relatively limited. In addition, due to the impact of social and public health events in many regions, there was resistance in transportation. The manufacturer's shipment was not smooth, and the inventory pressure was too high, making it difficult to rise. However, with the arrival of November, the weather continues to cool, and terminal demand continues to increase. It is expected that China Shandong civil gas market will stop falling and rise in November.

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