The price of LPG in North China rose by 415 yuan/ton! Analysts predict that the price is difficult to break 2991 yuan
As of August 6, 2020, the average price of LPG in North China was 2,991 yuan/ton, an increase of 415 yuan/ton or 16.11% from the beginning of July. It can be seen from this that since entering the third quarter, the North China LNG market has changed from a weak consolidation in the second quarter, with a larger price increase and a significant increase in the average price level. Behind the positive upward trend of the market, it is inseparable from multiple favorable guidance. Looking at the news, the overall oil price fluctuates at a high level, with less volatility, and the industry's mentality is relatively strong, and the enthusiasm for entering the market is acceptable. From the perspective of supply and demand, the slow terminal consumption is still constrained by seasonal demand in the off-season. However, Xinhai in the region will suspend maintenance around July 15 and the maintenance period will last for nearly one month. The failure of the Luoyang installation cau...