Workflow
LPG：原油宽幅震荡，内盘支撑走弱
Guo Tai Jun An Qi Huo·2025-05-22 01:18

Group 1: Report Title and Date - The report is titled "LPG: Crude Oil Fluctuates Widely, Domestic Support Weakens" and is dated May 22, 2025 [1][2] Group 2: LPG Futures Data - PG2506 closed at 4,236 yesterday with a daily increase of 0.26%, and at 4,210 in the night session with a decline of -0.61%. PG2507 closed at 4,182 yesterday with a daily increase of 0.63%, and at 4,151 in the night session with a decline of -0.74% [3] - PG2506 had a trading volume of 40,710 yesterday, a decrease of 500 from the previous day, and an open interest of 31,963, a decrease of 7065. PG2507 had a trading volume of 34,136, an increase of 2888, and an open interest of 61,795, an increase of 2354 [3] - The spread between Guangzhou domestic gas and the 06 contract was 614 yesterday, compared with 675 the previous day. The spread between Guangzhou imported gas and the 06 contract was 744 yesterday, compared with 775 the previous day [3] Group 3: Industry Chain Important Price Data - The PDH operating rate this week was 58.0%, down from 59.6% last week. The MTBE operating rate was 56.1%, down from 61.4% last week. The alkylation operating rate remained unchanged at 41.0% [3] Group 4: LPG Trend Intensity - The LPG trend intensity is 0, indicating a neutral stance [9] Group 5: Market Information - PDH Device Maintenance Plans - Multiple companies' PDH devices are under maintenance or have scheduled maintenance, including Puyang Yuandong Technology Co., Ltd., Jiangsu Yanchang Zhongran Chemical Co., Ltd., etc. Some maintenance start times date back to 2023, and many end times are still undetermined [10] Group 6: Market Information - Saudi CP Expectations - On May 20, 2025, the expected Saudi CP for propane in June was 585 dollars/ton, up 1 dollar/ton from the previous trading day; the expected butane price was 565 dollars/ton, up 1 dollar/ton. The expected Saudi CP for propane in July was 559 dollars/ton, up 2 dollars/ton; the expected butane price was 539 dollars/ton, up 2 dollars/ton [11] Group 7: Market Information - Refinery Maintenance Plans - Many refineries across the country are undergoing or have planned maintenance, including Zhenghua Petrochemical, Panjin Haoye, etc., with varying normal production volumes, loss volumes, start times, and end times [12]