Sinopec News: LPG prices rise sharply, still have room for further increase

This Tuesday (March 31), the domestic civilian gas price was 6,626 yuan/ton, up 54 yuan/ton from the previous trading day, and up 2,260 yuan/ton from the end of February. Due to generally limited supply from sellers and worry-free inventories, the import-to-ship volume is gradually decreasing, and domestic refineries’ product volume has also declined, providing support to the market. The price of ether post-carbon four has risen in tandem, but only to 6,288 yuan/ton, showing a clear gap with civilian gas prices, and demand in the oil product market is somewhat insufficient. In the short term, CP has increased by 205-260 USD/ton, supported by an unexpected rise, and in April, domestic port imports will further decline. It is expected that the import volume in April will be only 1.5 million tons, about 1 million tons less than the previous month. The civilian gas price is still expected to rise and is likely to remain high with oscillations, and the price gap with ether post-carbon four may widen. (Zhuochuang Information)