This week, the trend of domestic propane market is strong, and the price focus of propane in Shandong market is moving upward. According to the data monitoring of business agency, the average price of propane Market in Shandong was 5830.75 yuan / ton on August 29 and 5963.25 yuan / ton on September 2, with a weekly increase of 2.27%, up 19.55% compared with the same period last year.
As of September 2, the mainstream prices of propane in different regions in China are as follows:
Region., September 2nd
Central China., 6000-6200 yuan / ton
North China., 5900-6000 yuan / ton
Shandong region., 5900-6100 yuan / ton
Northeast China., 5900-6050 yuan / ton
This week, the trend of domestic propane market is strong. Shandong propane market rose first and then fell, and the center of gravity has moved upward. In the early part of the week, driven by the rise of international crude oil, the ex factory price of propane rose one after another, and the average price broke through the 6000 yuan / ton barrier on the 31st. Downstream buyers are more active in entering the market under the rising mentality, manufacturers’ shipments are smooth, and inventories are reduced. However, in the later period, the international crude oil weakened one after another, and the cost support was insufficient. In addition, with the end of replenishment, downstream companies withdrew from the market one after another to wait and see. The propane Market lacked the power to continue to rise, and the price fell at the weekend.
Saudi Aramco’s CP announced in September 2022 that propane and butane both fell. Propane was US $650 / T, down US $20 / T from the previous month; Butane was US $630 / T, down US $30 / T from last month.
At present, the international crude oil trend is weak, and the support brought by the cost side is insufficient. After the replenishment in the downstream, most of them withdraw from the market to wait and see, and the market trading atmosphere is general. However, there is no pressure on the supply side of Shandong market at present, and most of the upstream inventory is under control. In terms of demand, it will take some time to improve. It is expected that the propane market will mainly fluctuate in a narrow range in the short term.
| POLYVINYL ALCOHOL |