Source: Business Association
Price trend
This week, the domestic LPG market was widely reduced. At the beginning of the week, the average domestic LPG market price was 4,100/ton, and the average weekend price was 3,890/ton. The weekly decline was 5.12%, and the price fell by 17.7% compared with the same period of last year.
Analysis of influencing factors
product:
This week, domestic LPG continued to decline, and the market trading atmosphere was general. As of January 25, Sinopec Guangzhou Chemical Co., Ltd. liquefied gas ex-factory price was 3700 / ton, Sinopec Jingmen Petrochemical liquefied gas ex-factory price was 4350 / ton, Sinopec Shanghai Petrochemical Co., Ltd. liquefied gas ex-factory price was 3750 / ton, Sinopec Qingdao refining The ex-factory price of liquefied petroleum gas of Chemical Co., Ltd. is 3850/ton, the ex-factory price of liquefied gas of Shandong Jincheng Petrochemical Group is 3970/ton, and the ex-factory price of liquefied gas of Sinopec Shijiazhuang Refining & Chemical Branch is 3850/ton. Sinopec Luoyang Petrochemical liquefied gas ex-factory price is 4150 / ton.
Industry chain:
This week, the domestic DME market fell first and then rose. At the beginning of the week, the average domestic market price of DME was 3,436.67/ton, and the average weekend price was 3,300/ton. The weekly increase was 3.98%, and the price fell by 25.03% compared with the same period of last year. The propane market fell slightly this week. At the beginning of the week, the average price of propane was 4142.5/ton, and the average weekend price was 4107.5/ton. The weekly decline was 0.84%, and the price fell 17.23% compared with the same period of last year. January Saudi CP: Propane 430 US dollars / ton, down 15 from last month. Butane is 420 US dollars / ton, up 5 from last month. This week, international crude oil fell into a bearish market mentality. The market for liquefied petroleum gas fell sharply, the trading atmosphere was obviously weakened, and the enthusiasm for downstream market entry was not high. CNPC Sinopec enterprises lowered prices successively, driving the market to fall.
industry:
According to the price monitoring, in the 03th week of 2019 (1.21-1.25), the commodity price rises and falls. There are 6 kinds of commodities in the energy sector, and the top 3 commodities are thermal coal (0.47%) and naphtha (0.42). %), asphalt (70#) (0.42%). There were 8 kinds of commodities with a decrease in the chain, and 2 products with a drop of more than 5%, accounting for 12.5% of the monitored products in the sector; the top 3 products were LNG (-15.33%) and LPG (-5.12). %), dimethyl ether (-3.98%). This week's average price increase was -1.93%.
Market outlook
Liquefied gas analysts believe that: the current downstream inventory is low, the demand for replenishment. It is expected that the market will stop falling and stabilize.
Editor in charge: Ge Hongyan
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