液化石油气日报：进口码头货源充裕，低价出货好转-2025-03-25

Group 1: Market Analysis - On March 24, the regional prices were as follows: Shandong market 4740 - 4820 yuan/ton, Northeast market 4430 - 4510 yuan/ton, North China market 4800 - 4850 yuan/ton, East China market 4950 - 5150 yuan/ton, Yangtze River market 5120 - 5230 yuan/ton, Northwest market 4650 - 4880 yuan/ton, South China market 5000 - 5150 yuan/ton [1] - In the second half of April 2025, the CIF prices of refrigerated cargo in East China were propane at 618 US dollars/ton (up 1 US dollar/ton) and butane at 608 US dollars/ton (up 1 US dollar/ton), equivalent to RMB prices of propane at 4884 yuan/ton (up 10 yuan/ton) and butane at 4805 yuan/ton (up 10 yuan/ton); in South China, propane was 614 US dollars/ton (up 1 US dollar/ton) and butane was 604 US dollars/ton (up 1 US dollar/ton), equivalent to RMB prices of propane at 4852 yuan/ton (up 9 yuan/ton) and butane at 4773 yuan/ton (up 9 yuan/ton) [1] - The mainstream transaction price in the South China civil gas market yesterday was 5000 - 5150 yuan/ton, up from the previous working day. The small quantity of major refineries supported the price increase. The refinery in Beihai, Guangxi is about to undergo maintenance, with a small quantity and little sales pressure, and some low - priced products had more sales than production. The mainstream transaction price in the Pearl River Delta imported gas market was 5060 - 5120 yuan/ton. There were many arriving ships at the import terminals, the market supply was relatively abundant, and the low - price shipments were acceptable [1] - The PG futures price has rebounded continuously recently. After the cancellation of the March warehouse receipts, the upward resistance in the market will be reduced, but the fundamentals may lack continuous driving force [1] Group 2: Strategy - Unilateral: Oscillation - Inter - period: None - Inter - variety: None - Spot - futures: None - Options: None [2]