Shandong Liquefied Gas Daily Review (20151008)
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Summary of Liquefied Gas transaction prices in Shandong region. Table of liquefied gas price transactions in Shandong region. Unit: yuan/ton. Names: Domestic use gas; Price change: decline/increase. Carbon tetrafluoride after etherification; Price change: decline/increase. Jinan region: 3700, 1704, 300, 200. Qingdao region: 3550, 1004, 320, 150. Zibo region: 3700–3750, 4400–45000. Dongying region: 3650–3700, 504450–450050–100. Weifang region: 3550–3600, 4200, 50. Binzhou region: 3650–3700, 50/100, 4450–448740–77. Heze region: 3800–3850, 504100–42000/50. Closing analysis: Prices of liquefied gas in Shandong region continued to rise, with some results in line with expectations.
Market overview: On the 8th, the prevailing transaction price for civilian gas was 3,550–3,700 yuan per ton, while the prevailing transaction price in the ether-treated butane market was 4,450–4,500 yuan per ton. The atmosphere in the liquefied gas market within the region is moderate; sellers have tentatively raised the transaction prices, with decent results. Currently, there is little pressure from inventory levels, and supply and demand are roughly in balance.
Factors affecting prices tomorrow: In terms of civilian gas, the prevailing transaction price in North China is 3,700 yuan per ton, while in East China it is 3,550 yuan per ton; there is no longer any price difference between the domestic market and external markets. However, as inventory levels at the downstream end were reduced during the National Day holiday, replenishment will likely be the main focus in the near term; it is expected that sales momentum will remain moderate in the coming period. In terms of the ether and carbon four sectors, as the holidays come to an end, highway traffic resumes normal, and external factors may have an impact on the local market ； Given that refineries face no sales pressure, it should not be difficult to maintain high market prices tomorrow. The mainstream transaction price for alkylated products is 5,500–5,600 yuan per ton, while the mainstream transaction price for MTBE is 5,600–5,700 yuan per ton. At present, the domestic oil market is subject to frequent fluctuations. To avoid risks, downstream businesses tend to purchase raw materials as needed, so large-scale stockpiling is unlikely to occur. However, manufacturers of refined oil products currently have low inventory levels; should international oil prices continue to rise, these manufacturers are likely to raise prices again ； In the absence of positive news factors to support it, and given the limited upward momentum in the refined oil products market, a cautious approach of waiting and observing is likely to be the best strategy in the short term.
Future outlook: Currently, refineries maintain low inventory levels, so there is little pressure on sales in the coming period; it is likely that prices will remain high tomorrow.
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