superelectricpinball| Main LPG contract: China-Thailand futures analysis weak Yong 'an forecasts price correction
News summary
The main contract for liquefied petroleum gas futures rose sharply to 4,764 in intraday trading on May 20superelectricpinball.00 yuansuperelectricpinball, closing at 4,747superelectricpinball.00 yuansuperelectricpinball, up 3.74%. Institutional analysis believes that although LPG prices have rebounded, they may remain weak in the medium to long term.
Newsletter text
[Liquefied petroleum gas futures prices rise sharply, and market optimism heats up]
On May 20, the main liquefied petroleum gas futures contract rose significantly during trading, and the intraday price once hit 4,764.00 yuan. By the time of the final transaction, the contract price was 4,747.00 yuan, an increase of 3.74%.
[The latest market situation in the liquefied gas futures market released]
The update time shows the price of liquefied petroleum gas and its rise and fall, and the latest market trend can be checked for specific data.
[Market institutions have issued forecasts for the future outlook of liquefied petroleum gas]
Institutions generally pay attention to the liquefied petroleum gas futures market and give their respective views on the future market.
China-Thailand Futures believes there is limited room for LPG rebound
China-Thailand Futures said that the supply of liquefied petroleum gas in the market is stable, but the production profits of the downstream chemical industry are poor, making it difficult for the operating rate to continue to rise, and may even fall. At the same time, due to the weakening of economic data in Europe and the United States, although oil prices rebounded in the short term, the downward trend in the medium term remains unchanged, so LPG prices look weak in the long term.
Yong 'an Futures predicts that LPG prices may be corrected in the future
Yong 'an Futures analysis pointed out that the production of liquefied petroleum gas in the United States is at a high level and exports are needed to solve the problem of overcapacity. Since summer is the traditional off-season for demand for liquefied petroleum gas combustion, coupled with the reduction in procurement of PDH units, and the easing of congestion after the completion of the Panama Ship Lock maintenance, it is expected that there is a risk of a correction in LPG prices in the future.
