In April, the civil LPG market continued to rise, and the price kept rising. It can be seen from the trend chart that the upward range at the beginning of the month is not obvious, and the main behavior is stable. After the Qingming Festival holiday, Shandong civil gas market began to push up continuously, with a large range. According to the data monitoring of business society, the average price of LPG in Shandong market was 4000.00 yuan / ton on April 1 and 4267.00 yuan / ton on April 12, with an increase of 6.7% during the period, up 14.67% compared with March 1.

As of April 12, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream quotation

Civil gas and automobile transportation in North China 4250-4350 yuan / ton

Civil gas and automobile transportation in eastern China: 4150-4300 yuan / ton

Civil gas and automobile transportation in South China: 4310-4420 yuan / ton

Civil gas and automobile transportation in Shandong Province: 4200-4350 yuan / ton

At the beginning of April, the civil LPG market continued the rebound at the end of March and continued to rise slightly. Due to the favorable factors of the Qingming Festival holiday, the downstream market mainly entered the market to replenish goods before the festival, the manufacturers made good deliveries, and the market transaction atmosphere was mild. At the end of March, the market began to stop falling and rebound. Later, with the end of the holiday, the market price did not stop rising, but continued to be the main actor, and the rising range after the holiday was more obvious. Related products propane strong upward to bring good market is one of them. After the festival, the downstream concentrated replenishment, entering the market is relatively stable, the manufacturers ship smoothly, and the inventory is basically free of pressure. Then there is the supply side. In April, the civil gas market entered the stage of centralized maintenance. Refineries have been overhauled one after another. With the decrease of market supply, the market has also been boosted to a certain extent. Finally, there is the international crude oil market. In April, the international crude oil fluctuated frequently and with a large range, but the overall rise also brought some support to the civil gas. Under multiple positive factors, the market price of Shandong civil gas has been rising one after another.

Looking at the futures market, the LPG futures market mainly fluctuated during the period, which brought Limited benefits to the spot market. On April 12, the opening price of LPG futures contract 2105 was 3818, the highest price was 3921, the lowest price was 3760, the closing price was 3899, the former settlement price was 3807, the settlement price was 3845, up 92, or 2.42%, the trading volume was 75594, the position was 18703, and the daily increase was – 305. (quotation unit: yuan / ton)

In the future, the current market price of civil gas has risen to a relatively high level. Taking Shandong market as an example, the mainstream market price has risen to about 4200-4350 yuan / ton. With the rising price, the downstream resistance has increased, and most of them withdraw from the market and wait-and-see, and the market transaction atmosphere has become weaker than that in the early stage. In terms of international crude oil, the trend is mainly volatile, which brings limited benefits to the market. Another negative factor is that with the gradual rise of weather temperature, market demand is expected to weaken. However, most of the manufacturers’ inventories are at a controllable level. It is expected that the price of Shandong civil gas market will be strong in the short term, and there is little room for further increase in the long term.