After the May Day holiday, the LPG market did not continue the downward trend at the end of April, but rebounded. However, on the whole, the civil gas market in Shandong Province after the holiday showed twists and turns, still rising compared with the beginning of the month. According to the data monitoring of business society, the average price of LPG in Shandong market was 4066.67 yuan / ton on May 5, and 4233.33 yuan / ton on May 17, with an increase of 4.10% during the period and 45.98% compared with the same period last year.

As of May 17, the mainstream prices of LPG in various regions of China are as follows:

Specifications type of shipping region Mainstream quotation

Civil gas Motor transport North China 4160-4300 yuan / ton

Civil gas Motor transport East China 4000-4250 yuan / ton

Civil gas Motor transport South China 3950-4100 yuan / ton

Civil gas Motor transport Shandong Province 4250-4300 yuan / ton

First of all, the market of Shandong civil gas after the festival. After the festival, the focus of Shandong civil gas has moved up, and the manufacturers have increased one after another. The main reasons for the rise after the festival are as follows: first, the international crude oil price maintains a small rising trend after the festival, and the news has brought some positive support to the LPG market. Second, there is a certain demand for replenishment in the downstream after the festival. The enthusiasm for entering the market is good, and the transportation is limited during the holiday period. The shipping atmosphere of manufacturers has improved significantly during the holiday period. The mentality is firm, and the price is mainly adjusted. However, as the price rose to a relatively high level, the market dropped in the middle of May. Due to little change in supply in Shandong, the supply in the region was relatively sufficient, and the international crude oil fell sharply on the 14th, and the downstream also had limited ability to accept high prices. With the end of replenishment, one after another withdrew from the market to wait and see, the market transaction atmosphere declined, the quotation of manufacturers became loose, and the shipment was mainly made with a small margin of profit. Entering this week (May 17), the price of LPG rose again. Over the weekend, the price of LPG in Shandong continued to rise, and the LPG futures market also rose sharply. Most of the manufacturers’ inventories were in a controllable state. The civil gas in Shandong went up, but the rise was not large. Due to the obvious warming of the weather, the terminal consumption slowed down, which brought some restraint to the market.

Looking at the futures market, the sharp rise of LPG futures market on the 17th brought some positive support to the spot market. On May 17, the opening price of LPG futures contract 2106 was 4150, the highest price was 4328, the lowest price was 4142, the closing price was 4248, the former settlement price was 4107, the settlement price was 4254, up 141, or 4.75%, the trading volume was 91531, the position was 24601, and the daily increase was – 3249（ Quotation unit: yuan / ton)

Generally speaking, the current price of Shandong civil gas is relatively high, the downstream has some resistance to the price, the enthusiasm to enter the market is general, and the weather and temperature are rising, and the demand is expected to weaken in the later stage. At present, the overall inventory of manufacturers is under control, and there is no obvious pressure on the inventory. It is expected that the price of Shandong civil gas market will be relatively strong in the short term, and there is still the possibility of decline in the long term.