1、 Price trend
This week, the civil gas market in Shandong Province rose broadly. At the beginning of the week, the average price of liquefied gas (Shandong) market was 2806.67 yuan / ton, while at the end of the week, the average price was 3033.33 yuan / ton, with an increase of 8.08% in the week and a decrease of 32.69% compared with the same period last year.
| PVA 1799 (PVA BF17) |
2、 Analysis of influencing factors
Price: this week, the civil market price of liquefied gas mainly increased. As of May 9, the factory price of Jilin Petrochemical liquefied gas is 2850 yuan / ton, Guangzhou Petrochemical liquefied gas is 2710 yuan / ton, Jingmen Petrochemical liquefied gas is 3050 yuan / ton, Shanghai Petrochemical liquefied gas is 3100 yuan / ton, Gaoqiao Petrochemical liquefied gas is 3070 yuan / ton, Qingdao Petrochemical liquefied gas is 2900 yuan / ton, Shandong Jincheng Petrochemical liquefied gas is 3100 yuan / ton , the factory price of Shijiazhuang refined liquefied gas is 2850 yuan / ton. The factory price of Luoyang Petrochemical LPG is 2750 yuan / ton.
Market: at the end of April and may, CP rose sharply, which was good for the market. After the May Day holiday, crude oil was the main player, and there was a demand for replenishment after the downstream Festival, so the market entry was more active. The manufacturer delivered goods smoothly, the inventory was not under pressure, and the price rose broadly. At present, Shandong refinery is in high load operation, and the market supply has increased compared with the previous period. The terminal market recovered in an all-round way, with general demand and stable weekend prices.
International market: Saudi Aramco announced in April that the price of propane and butane were lowered. Propane fell to $230 / T, down $200 / T from last month; butane $240 / T, down $240 / T from last month.
| PVA 1788 (PVA BP17) |
Industry: according to the price monitoring of the business agency, in the 18th week of 2020 (5.4-5.8), there are 9 kinds of commodities in the list of commodity prices rising and falling, including 4 kinds of commodities with an increase of more than 5%, accounting for 25% of the number of commodities monitored in the sector; the top three commodities are WTI crude oil (21.78%), Brent crude oil (8.31%) and liquefied gas (8.08%). There are 5 kinds of commodities falling on a month on month basis, with gasoline (- 3.33%), diesel (- 1.52%) and naphtha (- 1.47%) as the top three products. This week’s average was up or down 3.03%.
3、 Future forecast
At present, the demand of the terminal market is basically stable. This week, driven by the rise of international crude oil, the demand has risen sharply. However, at present, the weak crude oil has declined, and the market transaction atmosphere has been weakened. After May, with the temperature rising gradually, the downstream demand is expected to decrease, and it is expected that there may be a fall in the short term.
| http://www.barium-chloride.com |