LPG数据日报-20250903

Group 1: Market Overview - The domestic LPG market price rose on August 29, 2025, with the average price at 4,499 yuan/ton, up 2 yuan/ton or 0.04% from the previous workday [3]. - The closing price of the futures main contract rose 29 yuan/ton to 4,421 yuan/ton, a 0.66% increase [3]. - The open interest of the futures main contract decreased by 1,084 to 152,019, a 0.71% decline [3]. Group 2: International Market - The previous workday's CP equivalent RMB price was about 3,696.628 yuan/ton for propane and 3,483.361 yuan/ton for butane [3]. - On September 1, the international crude oil price rose, boosting the buying interest in the LPG US dollar market. The paper - cargo price and the spot price increased slightly [3]. - Currently, although there are many sellers in the international market and sufficient supply, there is a general expectation of price increases, and the buying demand is stable, supporting the price increase [3]. - A Chinese importer issued a tender for purchasing spot LPG in October for the South China region. At present, the propane cost is low, PDH plant profits are acceptable, and Chinese buying is relatively strong [3]. Group 3: Regional Markets East China - The previous workday's average price of civil LPG in East China rose 5 yuan/ton to 4,620 yuan/ton, a 0.11% increase [3]. - The East China civil LPG market was generally stable, with insufficient news guidance. Downstream procurement was based on rigid demand, and refineries were cautious in price adjustment [3]. - The imported LPG in Shandong showed a strong trend, driving up the price in northern Jiangsu. However, due to limited resources at northern Jiangsu terminals, the price fluctuations of other terminals were limited, and the overall imported LPG in East China was stable [3]. South China - The previous workday's average price of civil LPG in South China remained stable at 4,620 yuan/ton [3]. - The main refineries in South China made up for price drops, but the decline was limited due to low supply. Except for the stable price in the Chaoshan area, prices in other areas declined [3]. - The downstream inquiry intention increased, and there was less willingness for further deep price drops. Some terminals in Zhuhai started to sell low - proportion gas due to propane shortage, which affected the surrounding prices [3]. - The industrial LPG in South China maintained stable sales, with production and sales basically balanced [3]. Shandong - The previous workday's average price of civil LPG in Shandong remained stable at 4,540 yuan/ton [3]. - The average price of ether - after C4 rose 10 yuan/ton to 4,662 yuan/ton, a 0.21% increase [3]. - Driven by the sharp rise in propane prices, the civil LPG in Shandong ended a 9 - day stable period and rose, mainly led by price increases in the Dongying area. Downstream buying was active, and the overall trading atmosphere was good [3]. Group 4: Price Spreads - Various inter - month spreads such as PG2510 - PG2511, PG2510 - PG2512, etc., showed different degrees of decline [3]. - Cross - variety spreads like PG - 7.33SC, PG - PP also changed, with PG - 7.33SC down 23.66 yuan/ton or 2.69%, and PG - PP down 48.36 yuan/ton or 26.48% [3]. Group 5: Production Costs and Profits - The production costs of PDH - made propylene and PDH - made PP decreased by 15 yuan/ton and 52.50 yuan/ton respectively, with a decline rate of 0.69% for PDH - made PP [3]. - The production profits of PDH - made propylene and PDH - made PP increased by 52 yuan/ton and 9.16 yuan/ton respectively, with a 1.64% increase for PDH - made PP [3]. - The profit of MTBE isomerization etherification decreased by 17.52 yuan/ton or 3.41% [3]. Group 6: Other Indicators - The freight rates for different routes remained mostly stable, with only the freight in the South China (Guangzhou) area down 2 yuan/ton or 1.01% [3]. - The US dollar index decreased by 0.17 to 97.68, a 0.17% decline. The exchange rate of the US dollar against the Chinese yuan and the Japanese yen changed slightly [3]. - SHIBOR overnight decreased by 0.001 to 1.3140, a 0.08% decline, and SHIBOR 7 - day decreased by 0.007 to 1.4310, a 0.49% decline [3].