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March 13th, South China LPG market mainly fluctuated strongly.
Yesterday, the overall South China market remained largely stable. Some individual quotations eased, and influenced by the pullback in prices from overseas, traders’ sentiment turned more cautious. At present, downstream inventories are at relatively high levels, and prices remain consistently high, which suppresses downstream buying enthusiasm. However, in the morning, oil prices and the performance of overseas markets were strong; amid turmoil in the Middle East, the situation provided a strong supportive factor for the market. It is expected that today’s market will mainly see volatile trading with a strong bias, and in some areas, discounted sales cannot be ruled out. (Longzhong Information)