LPG：1月上半月民用气价格维持强势

Core Viewpoint - Domestic civil gas prices have strengthened again in January, with prices reaching 4471 yuan/ton as of January 13, an increase of 141 yuan/ton compared to the end of December [1] Group 1: Price Trends - The January Consumer Price Index (CPI) has risen more than expected, contributing to the increase in domestic gas prices [1] - International market prices remain high, leading to a weakened willingness to import at domestic terminals [1] - The price increase is supported by recovering winter combustion demand and rising crude oil prices [1] Group 2: Supply and Demand Dynamics - There is a significant delay in unloading from some aging vessels, resulting in sellers having ample inventory [1] - The overall supply-demand situation remains tight, providing support for the market, although the price increase has led to domestic prices being significantly higher than imported prices [1] - The gap between industrial and civil gas prices continues to widen, indicating a potential shift in market dynamics [1] Group 3: Future Outlook - Domestic civil gas prices are expected to fluctuate at high levels in the near term [1]