Can the liquefied gas market grow as expected in September

 　　Can the liquefied gas market grow as expected in September

　　On September 3, the civil liquefied gas market in North China was mainly stable. The current downstream enthusiasm for entering the market has not changed significantly, and the market volume is average. It is expected that on the 4th or continue to maintain stability, mainly.

　　On September 3, most of the civil liquefied gas markets in Northeast China maintained stability, and some of them rose slightly. The downstream enters the city stable, and the market transaction volume is average. In the morning, international crude oil has limited support for the market. It is expected to remain stable on the 4th.

　　According to the data monitoring of the business agency, the liquefied gas civilian market (Shandong) showed a volatile upward trend on August 1, with limited changes during the period. 3176.67 yuan/ton, an increase of 1.93% during the period, and a decrease of 30.69% from January 1.

　　In August, the liquefied gas market continued its upward trend in July, and the center of gravity continued to move upward. There were more positives in the month, supporting the market to rise again. However, because the traditional off-season has not passed, the market's negative factors still exist, and the road to rise is more difficult, and the upward trend has been volatile within the month. At the beginning of the month, the market first returned to rationality. Due to the downstream resistance to high prices, more cautious wait-and-see is the main reason, manufacturers' shipments are blocked, and more small price cuts are used to stimulate downstream market entry. Subsequently, due to a slight increase in the CP price in August and a slight increase in international crude oil during the period, the overall supply of the market did not change much, and the multiple favorable conditions supported the price to rise again. The downstream enthusiasm for entering the market has become active, and they have entered the market to replenish goods. Manufacturers' inventory is controllable overall, production and sales are balanced, mentality is firm, and prices have risen sharply.

　　In the middle of the month, the Shandong liquefied gas civilian market continued its upward trend, with a narrowing range, with prices mostly exceeding 3,200 yuan/ton. Starting on August 10, the Shandong market continued to rise slightly. The slight rebound of international crude oil on the 10th brought certain support to the market. Many downstream sources purchase on-demand, and the enthusiasm for entering the market is still satisfactory. The overall upstream inventory is mostly maintained at a median level. The supply of the civil gas market in Shandong has not changed much, and the mentality is relatively firm. The prices of the main manufacturers will slightly increase from 10 to 12, and other manufacturers will follow the increase. However, the downstream has limited ability to accept high prices. As prices rise, resistance increases and enthusiasm for entering the market has declined. Until the 17th, the price loosened and the market went up and down. As prices continue to rise, downstream delisting has turned to wait-and-see, manufacturers' shipping atmosphere has weakened, and overall inventory has risen slightly, reaching an upper-middle level.

　　At the end of the month, Shandong’s liquefied gas civilian market was mainly stable, with limited fluctuations, and the price was mostly maintained at around 3,200 yuan/ton. The market transaction atmosphere was general. From August 18th to 20th, due to limited downstream demand and resistance to high prices, the enthusiasm for entering the market declined, and the shipping atmosphere was general. The market was weak at first, but the magnitude was small. Subsequently, there were two small gains on the 21st and 24th, but the magnitude was still limited. Due to the low supply in the region, after the small price drop, the downstream appropriately entered the market to replenish the goods. The transaction atmosphere improved. After the manufacturer’s inventory fell to the median level, some individuals rose sporadically, and the upstream mentality was firm, and the end was consolidated at a high level8 month.

　　International crude oil prices fluctuated upward in August, news boosted the liquefied gas market

　　The international crude oil market continued to release good news in August. The U.S. crude oil inventories drastically reduced, the U.S. crude oil inventories drastically reduced, and the OPEC + Joint Ministerial Supervisory Committee (JMMC) meeting put pressure on oil-producing countries whose output exceeded their targets and required them to increase their output in 8- Further production cuts in September and the impact of the hurricane forced the closure of a large number of offshore drilling platforms in the Gulf of Mexico, reducing crude oil production. International crude oil prices fluctuated higher in August, and WTI crude oil futures prices rose by 7.15% each month.

　　On the whole, the LPG civilian market in August was still affected by seasonal factors, with weak shipments, limited terminal market demand, and more on-demand replenishment. The downstream enthusiasm for entering the market was average, and manufacturers’ inventories were mostly at mid-to-high levels. However, at the end of the month, the CP price was released in September. Propane remained stable compared to the previous month. Butane rose by US$10/ton. Although the increase was less than expected, it also brought certain favorable support to the market. With the end of the off-season in August, ushering in the traditional peak sales season of "Golden Nine and Silver Ten", demand is expected to increase, but negative factors still exist, and the market supply in September will increase slightly. It is expected to increase slightly in the short term. In the long term, there may be a substantial increase in September and October.