In April, the overall LPG market in Shandong showed a trend of first rising and then falling. In the first half of the month, the price of civil gas market kept rising. In the second half of the month, the market took a slide. There was a big contrast between the first half of the month and the second half of the month, and the mid month became a “watershed”. 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 4066.67 yuan / ton on April 30. The overall price rose in April, with a range of 1.67%, and the largest earthquake amplitude was 10.25%.

As of April 30, the mainstream prices of LPG in various regions of China are as follows:

Specifications type of shipping region Mainstream price

Civil gas Motor transport North China 4100-4250 yuan / ton

Civil gas Motor transport East China 4000-4150 yuan / ton

Civil gas Motor transport South China 3930-4100 yuan / ton

Civil gas Motor transport Shandong Province 4130-4200 yuan / ton

The civil LPG market in April can be divided into the first half of the month and the second half of the month. In the first half of the month, it went up continuously, while in the second half, it mainly went down

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 the first half of April, the international crude oil fluctuated frequently and by a large margin, but it rose as a whole, which also brought some support to civil gas. Under multiple positive factors, the market price of Shandong civil gas has been rising one after another.

However, in the second half of the month, the LPG market in Shandong began to decline continuously, forming a clear contrast with the first half of the month. Due to many positive factors in the market in the first ten days, Shandong civil gas market prices showed a continuous upward trend. The supply side of the market is basically stable, but as prices continue to rise, the favorable market is constantly consumed, the resistance of the downstream is increasing, and the enthusiasm for entering the market has obviously weakened compared with the previous period. Since the 15th, the market has stopped rising and stabilized at first, but the international crude oil market has shown a fluctuating downward trend recently, and the news lacks support. And with the continuous warming of the weather, the market demand has weakened. The domestic gas market was dominated by negative factors, and the firm market was no longer strong. It began to decline on the 19th, and the weakness continued to the end of the month.

Looking at the futures market, the overall shock of LPG futures in April was the main factor, which brought limited support to the spot market. On April 30, the opening price of LPG futures contract 2106 was 3836, the highest price was 3958, the lowest price was 3780, the closing price was 3914, the former settlement price was 3730, the settlement price was 3849, up 184, or 4.93%, the trading volume was 81189, the position was 44143, and the daily increase was – 2099（ Quotation unit: yuan / ton)

At present, the introduction of the CP decline in May and the decline in the cost of imported gas have brought bad effects on the market. In addition, the weather is obviously warming after May Day, and the market demand is expected to weaken. However, there is a certain demand for replenishment in the downstream after the festival, which may drive the price up. It is expected that Shandong civil gas market may rise slightly in the short term. In the long term, there are many negative factors, or mainly fall below.