In December, the price focus of propane market still shifted downward, and the overall trend was first restrained and then increased. According to the data monitoring of business agency, the average price of propane in Shandong market was 5770.75 yuan / ton on December 1 and 5435.75 yuan / ton on December 28, with a decrease of 5.81% during the month and 16.51% compared with November 1.

As of December 28, the mainstream prices of propane in different regions in China are as follows:

region December 28th

East China 5450-5500 yuan / ton

North China 5350-5450 yuan / ton

Shandong region 5250-5450 yuan / ton

Northeast China 5400-5500 yuan / ton

In December, the domestic propane market continued to decline, the center of gravity still shifted downward, and the trend of the South and North markets was weak. Although the international crude oil rose sharply in December, it brought Limited benefits to the propane Market. In December, CP prices fell sharply, which brought obvious bad news to the domestic market. The supply in Shandong market was relatively sufficient, and the cooling of the weather in the first half of the month was not obvious. The terminal demand was limited, the downstream market entry enthusiasm was not high, the manufacturer’s shipment was general, and the profit making shipment was dominated one after another. Until the end of the month, the continuous increase of international crude oil brought some support to the market, and the terminal demand increased significantly after the winter solstice. The downstream market entry enthusiasm was better than that in the early stage, the manufacturer’s mentality was strong, and the price rebounded.

Saudi Aramco announced in December 2021 that both propylene and butane fell. Propane was 790 USD / T, down 80 USD / T from the previous month; Butane was 770 USD / T, down 60 USD / T from the previous month.

At present, the international crude oil is rising, the news is good, the market mentality is good, and the north and South markets are rising to varying degrees. The terminal demand has increased, the downstream market is active, and the market trading atmosphere is better than that in the early stage. However, near the end of the month, CP will be introduced in January, and it is expected to fall, which will bring some restraint to the market. The propane market is expected to rise first and then fall in January.