LPG数据日报-20250825

Report Summary 1. Market Overview - On August 22, 2025, the domestic LPG market price declined, with the average price dropping by 4 yuan/ton to 4422 yuan/ton, a decrease of -0.09% [3]. - The closing price of the futures main - contract decreased by 6 yuan/ton to 4387 yuan/ton, a decline of -0.14% [3]. - The trading volume of the futures main - contract was 188,767 lots, a decrease of 6,094 lots compared to the previous day [3]. 2. International Situation - The previous trading day's CP was equivalent to about 3708.692 yuan/ton for propane and 3494.729 yuan/ton for butane in RMB [3]. - On August 21, international oil prices rose, boosting the external market. The expected value of September CP increased slightly by 1 dollar/ton. The Far - East demand continued to boost buying interest, supporting the premium price [3]. 3. Regional Market Analysis 3.1 East China - The average price of civil gas remained stable at 4398 yuan/ton. Supply was under control, production and sales were balanced, and the price was stable due to limited news guidance [3]. - The price of imported gas at some Jiangnan wharves increased by 50 yuan/ton, while other wharves remained stable [3]. 3.2 South China - The average price of civil gas decreased by 30 yuan/ton to 4490 yuan/ton, a decline of -0.66%. The market showed a differentiated trend, with prices in some areas dropping due to increased supply [3]. - In the industrial gas market, the inventory pressure in Zhanjiang was relieved, and prices were low [3]. 3.3 Shandong - The average price of civil gas increased by 10 yuan/ton to 4510 yuan/ton, a rise of 0.22%. The market continued the stable - to - rising trend [3]. - The average price of ether - post carbon four remained stable at 4620 yuan/ton [3]. 4. Spread Analysis 4.1 Inter - monthly Spread - The spread between PG2510 - PG2511 was 77 yuan/ton, a decrease of 3 yuan/ton compared to the previous day [3]. - The spread between PG2510 - PG2512 was 138 yuan/ton, a decrease of 7 yuan/ton compared to the previous day [3]. 4.2 Inter - variety Spread - The spread between PG - 7.33*SC was - 25.79 yuan/ton, a decrease of 2.92 yuan/ton compared to the previous day [3]. - The spread between PG - PP was - 139 yuan/ton, a decrease of 3 yuan/ton compared to the previous day [3]. 5. Other Information - The LPG market is oscillating weakly [3]. - The number of registered contracts decreased by 396 to 12,887 [3].