At the beginning of 2022, the domestic liquefied gas market ushered in a good start. The price rose sharply after the new year’s day, and the price of civil gas in Shandong rose above 5500 yuan. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 5090.00 yuan / ton on January 3 and 5640.00 yuan / ton on January 10, with an increase of 10.81% and 43.20% compared with the same period last year.

As of January 10, the mainstream prices of liquefied gas in various regions in China are as follows:

region ., Mainstream quotation

North China 5200-5500 yuan / ton

East China 5550-5750 yuan / ton

South China 5600-5800 yuan / ton

Shandong region 5500-5900 yuan / ton

In January, the domestic liquefied gas market ushered in a collective rise. Shandong region generally pushed up sharply, with an obvious range. As of January 10, the price of civil gas in Shandong rose to above 5500 yuan / ton. The good start of the market is mainly driven by international crude oil. The continuous rise of international crude oil after new year’s day has brought obvious support to the liquefied gas market. In addition, Saudi Aramco’s CP price was introduced in January. Although propylene butane fell, the decline was less than expected, which also gave a certain boost to the domestic market. In addition, there is a certain replenishment demand in the downstream after the festival, the enthusiasm for entering the market is high, the manufacturers ship smoothly, the inventory is mostly at a low level, and the prices rise one after another.

The recent sharp rise of LPG futures market has also brought obvious benefits to the spot market. On January 10, the opening price of LPG futures contract 2202 was 5110, the highest price was 5119, the lowest price was 4967, the closing price was 5037, the former settlement price was 5010, the settlement price was 5036, up 27, or 0.53%, the trading volume was 178485, the position was 59134, and the daily position was increased by – 3938. (quotation unit: yuan / ton)

At present, the international crude oil price has fallen, which has brought limited support to the market. With the end of replenishment in the downstream, most of them are delisted and wait-and-see. The overall transaction atmosphere of the market has significantly weakened compared with that in the early stage. On the 10th, the domestic liquefied gas market has risen and fell, and some regions have replenishment operations. However, the price in Shandong has decreased. It is expected that there will be some resistance to the rise of civil gas price in Shandong in the short term.