This week, the domestic liquefied gas market was weak and fell, while the Shandong civil gas market was stable first and then fell. According to the data monitoring of the business community, the average price of liquefied gas in the civil Shandong market was 5218 yuan/ton on October 31, and 5108 yuan/ton on November 4, with a decline of 2.11% in the week and 7.8% compared with the same period last year.

As of November 4, the mainstream prices of liquefied gas in various regions in China are as follows:

Region, mainstream quotation

In North China, 5000-5150 yuan/ton

East China, 5300-5550 yuan/ton

Northeast China, 5000-5200 yuan/ton

Shandong,. 5100-5300 yuan/ton

Shandong civil gas market fell mainly this week, with a poor trend. In terms of cost, international crude oil rose slightly, with limited cost support. The supplier has no new production, and the supply is relatively stable. In terms of demand, due to the impact of domestic public health and security incidents, the regional transportation is not smooth, resulting in difficult demand.

LPG futures market rose first and then fell this week, with limited support for the spot market. On November 4, the opening price of LPG futures contract 2212 was 5280, the highest price was 5363, the lowest price was 5200, the closing price was 5323, the previous settlement price was 5336, the settlement price was 5266, down 13, the trading volume was 144686, the position was 72071, and the daily position increase was -2767. (Quotation unit: yuan/ton)

At present, international crude oil is surging, which brings certain benefits to the market. With the cold weather in the future, the demand is gradually increasing, and the transportation situation has improved. It is expected that the Shandong civil gas market will stop falling and rebound in the short term.