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2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬-我的钢铁网
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style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年下半年,国内炼厂检修企业减少,商品量预计同比增长8.11%,环比增长8.03%。需求端下游装置仍有扩能计划带动化工消费提升,且进入四季度,燃烧需求将进入旺季。供需基本面博弈,市场趋势或震荡向上运行,民用主流运行区间预计4600-5500元/吨;醚后碳四主流预计5200-6000元/吨。</span></p><p><strong><span style=";font-family: 宋体, SimSun">第一部分:液化气行业回顾分析</span></strong></p><p><strong><span style="font-family: 宋体, SimSun;color:black">1</span></strong><strong><span style="font-family: 宋体, SimSun;color:black">、市场行情——基本面主导 走势平缓</span></strong></p><p class="MsoListParagraph" style="text-align:center;text-indent: 0"><strong><span style="font-family: 宋体, SimSun;color:black">表1 2024年1-6月与去年同期价格对比表</span></strong></p><table width="100%" width="614"><tbody><tr style=";height:16px" class="firstRow"><td width="89" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: none; border-right: 1px solid rgb(191, 191, 191); background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">项目</span></strong></p></td><td width="60" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: none; border-right: 1px solid rgb(191, 191, 191); background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">单位</span></strong></p></td><td width="106" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: none; border-right: 1px solid rgb(191, 191, 191); background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">2023</span></strong><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">年1-6月</span></strong></p></td><td width="133" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: none; border-right: 1px solid rgb(191, 191, 191); background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">2024</span></strong><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">年1-6月</span></strong></p></td><td width="85" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: none; border-right: 1px solid rgb(191, 191, 191); background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">涨跌值</span></strong></p></td><td width="142" style="border-right: none; border-bottom: none; border-left: none; border-image: initial; border-top: 1px solid rgb(191, 191, 191); background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">同比涨跌幅</span></strong></p></td></tr><tr style=";height:16px"><td width="89" style="border: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">国内均价</span></p></td><td width="60" style="border-top: 1px solid windowtext; border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-image: initial; border-left: none; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: 1px solid windowtext; border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-image: initial; border-left: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5389</span></p></td><td width="133" style="border-top: 1px solid windowtext; border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-image: initial; border-left: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5097</span></p></td><td width="85" style="border-top: 1px solid windowtext; border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-image: initial; border-left: none; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-292</span></p></td><td width="142" style="border-top: 1px solid windowtext; border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-image: initial; border-left: none; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-5.42%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">华南</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4964</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5067</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">103</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">2.08%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">华东</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4969</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4933</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-36</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-0.72%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">华中</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5136</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5223</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">87</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">1.69%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">山东</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4963</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4899</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-64</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-1.30%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">华北</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4942</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4824</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-118</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-2.39%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">东北</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4842</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4607</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-235</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-4.85%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">西北</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4598</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">4581</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-17</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-0.37%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">西南</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5338</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">5193</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-145</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-2.71%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">CP</span><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">丙烷</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">美元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">610</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">609</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-1</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:#00B050">-0.14%</span></p></td></tr><tr style=";height:16px"><td width="89" style="border-right: 1px solid windowtext; border-bottom: 1px solid windowtext; border-left: 1px solid windowtext; border-image: initial; border-top: none; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">CP</span><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">丁烷</span></p></td><td width="60" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">美元/吨</span></p></td><td width="106" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">613</span></p></td><td width="133" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">613</span></p></td><td width="85" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun">0</span></p></td><td width="142" style="border-top: none; border-left: none; border-bottom: 1px solid windowtext; border-right: 1px solid windowtext; background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun">0.00%</span></p></td></tr></tbody></table><p style="text-align:right;text-indent:49px;line-height: 2"><span style="font-size: 16px;font-family: 宋体, SimSun">数据来源:隆众资讯</span></p><p class="MsoListParagraph" style="text-align: center; text-indent: 0px;"><img src="//img05.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652311.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/><img src="//img08.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652312.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p class="MsoListParagraph" style="text-align:right;text-indent:0"><span style="font-family: 宋体, SimSun;color:black">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年上半年国内液化气市场走势相对平缓,相较于往年振幅较小,民用气价格振幅不足10%,醚后碳四价格振幅15%,远小于去年同期水平。2024年上半年国内民用气均价为4902元/吨,较去年同期跌0.34%,醚后碳四均价为5327元/吨,较去年同期跌9.07%。液化气作为价格调整频繁的产品,今年上半年一改往昔跌宕起伏的行情进入窄幅整理状态。</span></p><p><span style=";font-family: 宋体, SimSun">上半年醚后碳四市场1-4月震荡向上,而5月之后进入向下通道。一季度供应充足以及传统春节影响,价格呈现持续低位震荡格局。二季度初期供需基本面收紧,春节主营炼厂检修以及终端汽油需求回升等提振,醚后碳四市场短暂摆脱低迷进入上行通道。但5月以后,终端需求减弱以及供应端恢复等,供需基本面转向宽松,且深加工装置利润欠佳,醚后碳四价格迅速进入下行通道。</span></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">2</span></strong><strong><span style="font-family: 宋体, SimSun;color:black">、国产供应——检修损失量减少且外放量增多 商品量同比有增</span></strong></p><p class="MsoListParagraph" style="margin-right: 14px; text-align: center; text-indent: 0px;"><img src="//img06.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652313.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p class="MsoListParagraph" style="text-align:right;text-indent:0"><span style="font-family: 宋体, SimSun;color:black">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">据隆众资讯统计,预计2024年上半年中国液化气商品量为1425.57万吨,同比增加36.66万吨或2.64%,环比增加1.15万吨或0.08%。供应量最低出现在4月份,为227万吨左右,因3月份开始春季检修开启,多数炼厂集中于4月份检修,5-6月份随着炼厂检修结束,供应量逐步回升。</span></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年春季检修集中,但整体来看供应量同比有增,主要因为检修企业损失量低于去年同期;另外,上半年有几套乙烯装置出现故障,导致液化气自用量减少从而增加市场投放量,商品量增加。</span><strong style="text-align: right;"><span style=";font-family: 宋体, SimSun"> </span></strong></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">3</span></strong><strong><span style="font-family: 宋体, SimSun;color:black">、进出口——化工消费增长 进口量同比增加明显</span></strong></p><p class="MsoListParagraph" style="text-align:center;text-indent: 0"><strong><span style="font-family: 宋体, SimSun;color:black">表2 2024年1-6月液化气进出口量对比表</span></strong></p><p style="text-align:right;text-indent:49px;line-height: 2"><span style="font-size: 16px;font-family: 宋体, SimSun">单位:万吨</span></p><table width="100%" width="100"><tbody><tr style=";height:20px" class="firstRow"><td width="16" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">项目</span></strong></p></td><td width="23" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">2023</span></strong><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">年1-6月</span></strong></p></td><td width="23" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">2024</span></strong><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">年1-6月</span></strong></p></td><td width="15" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">涨跌值</span></strong></p></td><td width="21" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">同比涨跌幅</span></strong></p></td></tr><tr style=";height:20px"><td width="16" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">进口量</span></p></td><td width="23" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">1560.72 </span></p></td><td width="23" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">1705.67 </span></p></td><td width="15" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">144.95 </span></p></td><td width="21" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">9.29%</span></p></td></tr><tr style=";height:20px"><td width="16" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">出口量</span></p></td><td width="23" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">45.50 </span></p></td><td width="23" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">47.64 </span></p></td><td width="15" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">2.14 </span></p></td><td width="21" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">4.70%</span></p></td></tr></tbody></table><p style="text-align:right;text-indent:24px"><span style="font-size: 16px;font-family: 宋体, SimSun">数据来源:隆众资讯</span></p><p class="MsoListParagraph" style="margin-right: 14px; text-align: center; text-indent: 0px;"><img src="//img01.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652314.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p class="MsoListParagraph" style="text-align:right;text-indent:0"><span style="font-family: 宋体, SimSun;color:black">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年1-6月国内液化气累计进口量预计在1705.67万吨,同比涨幅9.29%。与去年同期相比,一季度进口量增加,主要支撑原因是3-4月份国内有多套PDH装置有投产或复工计划;另外,由于原油表现向好, 2024年上半年日本石脑油与丁烷到岸价的价差均值接近60美元/吨,液化气与石脑油相比经济效益突出,裂解装置对液化气需求量也增加,因此化工需求表现较好,进口商接货心态积极。</span></p><p class="MsoListParagraph" style="margin-right: 14px; text-align: center; text-indent: 0px;"><img src="//img08.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652315.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p class="MsoListParagraph" style="text-align:right;text-indent:0"><span style="font-family: 宋体, SimSun;color:black">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年1-6月E国内液化气累积出口量47.64万吨,同比增幅4.71%。其中四月份出口量增幅较大,主要原因是进口气内贸利润倒挂严重,而目标市场东南亚地区深加工发展迅速,带动化工需求增长,进口商转出口贸易获利空间较大,因此出口水平增加。</span></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">4.</span></strong><strong><span style="font-family: 宋体, SimSun;color:black"><span style="font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;word-spacing: 0px">消费市场----需求增长点在化工领域</span></span></strong></p><p class="MsoListParagraph" style="margin-right: 14px; text-align: center; text-indent: 0px;"><img src="//img02.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652316.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p class="MsoListParagraph" style="text-align:right;text-indent:0"><span style="font-family: 宋体, SimSun;color:black">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年1-6月,我国液化气表观消费量4253.64万吨,同比增加187.52万吨,增幅4.61%。燃烧需求随着城镇管道天然气覆盖率提升逐步下降,同时,各地商业餐饮、人员密集等服务场所加快推进瓶装气改革,液化气在商业中的用量也有一定程度萎缩。需求的主要增长点在化工领域,上半年国内有多套PDH新装置投产,集中在华东、山东地区,但前期因进口成本较高导致装置利润长时间倒挂,部分企业停工避险开工率持续走低并在4月触底,二季度随着利润好转开工率得以提升;另外,部分异丁烷脱氢、混合烷烃脱氢装置在3-5月例行检修,而后陆续恢复,整体来看,丙烷、丁烷需求先降后增;烯烃方面虽无新装置投产,但去年多家企业投产后装置运行平稳,醚后碳四消费量同比增长10.86%。</span></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">第二部分:下半年液化气行业分析预测</span></strong></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">1</span></strong><strong><span style="font-family: 宋体, SimSun;color:black">、新产能投产且检修减少 供应预期增加</span></strong></p><p class="MsoListParagraph" style="text-align:center;text-indent: 0"><strong><span style="font-family: 宋体, SimSun;color:black;font-weight:normal">表3 下半年液化气商品量预测表</span></strong></p><p style="text-align:right;text-indent:49px;line-height: 2"><span style="font-size: 16px;font-family: 宋体, SimSun">单位:万吨</span></p><table width="100%" width="100"><tbody><tr style=";height:39px" class="firstRow"><td width="17" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">项目</span></strong></p></td><td width="19" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">2023</span></strong><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">年7-12月</span></strong></p></td><td width="23" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">2024</span></strong><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">年7-12月E</span></strong></p></td><td width="19" style="border-top: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); border-bottom: 1px solid rgb(191, 191, 191); border-image: initial; border-left: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">同比涨跌值</span></strong></p></td><td width="19" style="border-top: 1px solid rgb(191, 191, 191); border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: none; background: rgb(2, 57, 133); padding: 0px 7px;"><p style="text-align:center"><strong><span style="font-size: 16px;font-family: 宋体, SimSun;color:white">同比涨跌幅</span></strong></p></td></tr><tr style=";height:20px"><td width="17" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black">商品量</span></p></td><td width="19" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black"> 1424.42</span></p></td><td width="23" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:black"> 1540</span></p></td><td width="19" style="border-top: none; border-left: none; border-bottom: 1px solid rgb(191, 191, 191); border-right: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">115.58</span><span style="font-size: 16px;font-family: 宋体, SimSun;color:red"> </span></p></td><td width="19" style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1px solid rgb(191, 191, 191); background: white; padding: 0px 7px;"><p style="text-align:center"><span style="font-size: 16px;font-family: 宋体, SimSun;color:red">8.11%</span><span style="font-size: 16px;font-family: 宋体, SimSun;color:red"> </span></p></td></tr></tbody></table><p style="text-align:right;text-indent:24px"><span style="font-size: 16px;font-family: 宋体, SimSun">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">据隆众资讯统计,预计2024年下半年中国液化气商品量为1540万吨左右,同比增加115.58万吨或8.11%,环比增加114.43万吨或8.03%。</span></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年下半年检修减少,因检修带来的损失量下降明显;另外,裕龙石化、大榭石化等新装置有开工计划,或将有液化气资源外放。</span></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">2</span></strong><strong><span style="font-family: 宋体, SimSun;color:black">、燃烧及化工需求预期均有提升</span></strong></p><p style="text-align:center"><img src="//img08.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652317.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p style="text-align: right;"><span style="font-family: 宋体, SimSun; text-align: right; text-indent: 24px;">数据来源:隆众资讯</span></p><p><span style=";font-family: 宋体, SimSun">下半年,燃烧需求随着夏季结束将逐步向旺季过渡,消费能力或呈现出先弱后强趋势,但替代品竞争压力仍在且随着“瓶改管”工作的有序推进,下半年部分地区改革完成后商用液化气占比将进一步萎缩,液化气需求变化仍重点关注化工方向。下半年,烯烃及烷烃深加工方面均有新装置投产,尤其是PDH有多套新装置投产计划,预计新增产能在400万吨以上,集中在华东地区,但盈利能力决定装置开工情况,下半年进口成本预计先降后增,装置利润或随着成本变化呈现出先强后弱态势,开工率低点预计在四季度;烯烃方面山东一套烷基化计划投产,带动醚后碳四消费量提升,不过因其投产时间在四季度,对总需求贡献较小。综合预计,下半年化工需求将有增长,预计增幅10%左右,国内表观消费量预计将达到4448.00万吨,环比增长4.57%,同比增幅3.84%</span></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style="font-family: 宋体, SimSun;color:black">3</span></strong><strong><span style="font-family: 宋体, SimSun;color:black">、下半年需求逐步提升 趋势或先抑后扬</span></strong></p><p style="text-align:center;text-indent:28px"><img src="//img02.mysteelcdn.com/wz/uploaded/steel/2024/07/12/1652318.png" title="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬" alt="2024液化石油气半年度分析:上半年基本面主导趋势平缓,下半年行情或先抑后扬"/></p><p><span style=";font-family: 宋体, SimSun">2024</span><span style=";font-family: 宋体, SimSun">年下半年,预计国内液化气市场走势或呈现先抑后扬趋势,三季度筑底之后逐步反弹,价格在四季度触顶,市场运行重心或高于上半年。但考虑后期或出现阶段性的供需失衡,液化气上涨幅度受限。</span></p><p><span style=";font-family: 宋体, SimSun">市场驱动因素主要围绕国际市场走势和供需面的变化。2024年下半年,国际原油预期向上趋势对国内液化气市场形成支撑,同时国际液化气市场也存有向好预期,国际市场将会对国内液化气价格形成有力支撑。预计民用气均价主流区间或在4600-5500元/吨,醚后碳四主流区间或在5200-6000元/吨。</span></p><p class="MsoListParagraph" style="margin-right:14px;text-align: left;text-indent:0"><strong><span style=";font-family: 宋体, SimSun;color:red"> </span></strong></p><p><br/></p> <!--指标说明附件--> <br /> </div> </div> </article> <article class="content-block m-copyRight"> 资讯编辑:刘娜 0533-7026172 </br> 资讯监督:艾博 0533-7027187 </br> 资讯投诉:李倩 0533-7026993 </br> </article> <article class="content-block m-copyRight h-statement"> <p class="h-statement-text">免责声明:Mysteel发布的原创及转载内容,仅供客户参考,不作为决策建议。原创内容版权归Mysteel所有,转载需取得Mysteel书面授权,且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络,目的在于传递更多信息,方便学习与交流,并不代表Mysteel赞同其观点及对其真实性、完整性负责。申请授权及投诉,请联系Mysteel(021-26093397)处理。</p> <span class='h-statement-show'>展开</span> 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