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液化石油气日报：下游温和采购，整体表现尚可-2025-03-28
Hua Tai Qi Huo·2025-03-28 03:18

Market Analysis - On March 27, the regional prices were as follows: Shandong market, 4,800 - 5,050 yuan/ton; Northeast market, 4,480 - 4,510 yuan/ton; North China market, 4,700 - 4,850 yuan/ton; East China market, 5,000 - 5,150 yuan/ton; Yangtze River market, 5,110 - 5,280 yuan/ton; Northwest market, 4,650 - 4,900 yuan/ton; South China market, 5,000 - 5,100 yuan/ton [1] - In the second half of April 2025, the CIF prices of frozen propane and butane in East China were 633 US dollars/ton and 623 US dollars/ton respectively, up 6 US dollars/ton, equivalent to 5,000 yuan/ton and 4,921 yuan/ton in RMB, up 47 yuan/ton. In South China, the CIF prices of frozen propane and butane were 630 US dollars/ton and 620 US dollars/ton respectively, up 7 US dollars/ton, equivalent to 4,977 yuan/ton and 4,898 yuan/ton in RMB, up 56 yuan/ton [1] - The mainstream transaction price of civil gas in North China yesterday was 4,700 - 4,850 yuan/ton, down from the previous working day. Most upstream prices remained stable, with a small number increasing, but some resumed shipments at relatively low prices, causing the mainstream transaction price to decline. Local device operation was relatively stable, upstream supply pressure was not large, and most inventory pressures were controllable. The terminal consumption of civil gas was average. The PG futures market has been oscillating strongly recently, with the near - end fundamentals being acceptable. After the warehouse receipts were cancelled in March, the upward resistance in the market would be reduced, but the continuous driving force might be limited [1] Strategy - Unilateral: Oscillating - Inter - period: None - Inter - variety: None - Spot - futures: None - Options: None [2] Charts - The report includes charts of spot prices of civil liquefied gas in Shandong, East China, South China, North China, Northeast, and Yangtze River regions, spot prices of ether - after carbon four in Shandong, East China, North China, Northeast, Yangtze River, and Northwest regions, and closing prices, month - to - month spreads, trading volumes, and open interests of PG futures contracts [3]