From June 6th to 12th, China LPG's comprehensive import to the shore price index was 150.36 points, 147.82 points

On June 15th, the comprehensive import of China LNPG (LPG) released by the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center showed that from June 6th to 12th, China LNEEME was imported to comprehensive import to The shore price index was 150.36 points, a month -on -month decrease of 3.93%and a year -on -year increase of 50.50%. The comprehensive import of LNEHExane to the shore was 147.82 points, a decrease of 6.45%month -on -month, an increase of 47.67%year -on -year.

In terms of international pricing benchmark, according to the CP announced in June 2022, Saudi Arabia showed that the propane contract price (CP) in June was $ 750/ton, which was 100 US dollars/ton from the previous month. 41.51%; the price of butane contract (CP) in June was $ 750/ton, a decrease of $ 110/ton from the previous month, a decrease of 12.79%month -on -month, an increase of 42.86%from the same period last year. And the domestic LPG market has slowed down.

In terms of international prices, LPG's international price and crude oil prices are high. From the perspective of crude oil prices, integrity of the peak of summer travel in the United States has superimposed gasoline inventory for several weeks to reflect the strong demand for fuel fuel in the current market; Iran may not be able to lift the ban in the short term; Tastest pressure; international oil prices are still strong, and it has reached a new high since March 9 last Wednesday. As of the close of last Friday (June 10), the main contracts of WTI and BRENT crude oil futures were reported at $ 120.67/barrel, and $ 122.01/barrel, which was 1.51%and 1.91%from the previous week. International oil prices have recently shocked nearly $ 120/barrel, and higher international oil prices have increased their power to the international and domestic LPG markets. Due to the trade valuation cycle, the price of LPG imports from LPG in my country is often lagging behind the international market futures price and spot price. The recent LPG outer price impact will gradually appear in the later LPG import to the shore price.

In terms of the domestic market, the supply side has maintained stability, the demand side improves, and the market has a general atmosphere. At an angle of supply, the actual import LPG in China actually fell the previous week from the previous week to Hong Kong. The shipping ships were mainly concentrated in the East China region. The domestic gas volume mainly came from local refineries, and the output of LPG rose slightly from the previous week. The total domestic LPG supply is basically stable compared to the previous week, and the fundamentals of the supply side are still neutral. From the perspective of demand, as the high temperature comes in summer, the demand for civil fuel burning gradually weakens; industrial demand is slightly better than the previous week. Specifically, in terms of chemical deep processing: propane deep processing field, the operating rate of the PDH device in the week increased from the previous week, and rose to about 80 %. A slight increase in a week, the operating rate of the MTBE device was flat from the previous week, and the demand for butane chemical was still stable. In summary, the resource volume of ports to ports last week, domestic gas volume increased the previous week, and the overall supply volume of the short -term downstream was not much different from the previous week; the temperature gradually increased and weakened the demand for civil fuel burning; In the market, the demand for propane has risen, the demand for butane is stable, and the overall demand for downstream is stable and strong. Last week, the price of the domestic LPG industry chain related products was affected by the upward trend of international crude oil shock.

China's LPG comprehensive import to the shore price index is compiled by the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center. /Ton, the price index is 100; the price of China's liquefied butthlate was 3535 yuan/ton, the price index was 100) in the week of my country, which comprehensively reflected the price level of China's LPG import to the shore last week. This is a beneficial exploration of my country's own LPG benchmarking price, which is conducive to improving market transparency, providing important reference for LPG chemical marketization, and conducive to the timely and effective connection between the domestic market and the international market, further enhance my country's country in the international LPG market Influence.

Source of this article | Shanghai Petroleum Natural Gas Trading Center

Author of this article | Chen Yinghao

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