SunSirs: Liquefied Gas Market Prices are Mainly Slightly Reduced
August 22 2023 14:04:46Latest price of liquefied gas (August 21): 4832 RMB/ton, bearish in the future
Analysis points: On August 21st, the Shandong liquefied gas market continued to decline, with prices dropping 2.7% compared to the previous trading day. Recently, the liquefied gas market prices have been high, and the enthusiasm for downstream entry has weakened. Upstream goods have been actively sold, and prices have fallen from high levels. At present, the demand for chemical products is mainly in demand, and the civilian market remains in the off-season. The downward trend of related propane products has caused a negative impact on the liquefied gas market.
Future forecast: Currently, upstream inventory is controllable, while downstream bargains are expected to enter the market. It is expected that the liquefied gas market will be slightly reduced in the short term.
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