This week, the domestic propane market continued to rise, the power was insufficient, and the price fell significantly. Most of the Shandong market fell back below 7000 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 7375.75 yuan / ton on March 13 and 6825.75 yuan / ton on March 21. The decline range in the week was 7.46%, up 58.71% compared with the same period last year.

The prices of propane in the mainstream regions in China are as follows from March 21 to March 21:

region ., March 21st

East China, 6600-6800 yuan / ton

North China ., 6500-6850 yuan / ton

Shandong Province, 6700-6900 yuan / ton

Northeast China ., 6300-6700 yuan / ton

This week, the domestic propane Market as a whole showed a trend of first decline and then rise. The decline in Shandong propane market was greater than the increase, and most of the prices fell back below 7000 yuan / ton. In the early part of the week, the international crude oil price dropped significantly, the cost support was insufficient, the supply of Shandong propane market was sufficient, but the demand was weak, the downstream had limited ability to accept high prices, the market entry enthusiasm was general, the market trading atmosphere was poor, and the price was weak. With the rebound of international crude oil prices over the weekend, the market mentality was favorable, the enthusiasm of downstream market entry improved, and the price rose with it.

Saudi Aramco announced in March 2022 that both propylene and butane increased. Propane was 895 dollars / ton, an increase of 120 dollars / ton over the previous month; Butane 920 US dollars / ton, up 145 US dollars / ton compared with the previous month.

On the whole, the current rebound of international crude oil is obviously good for the market mentality, but affected by the epidemic, the control and shipment situation in many regions has been hindered. Although the South and North markets of propane are in an upward trend, the overall downstream demand is still weak, or it may bring some restraint to the rising market. It is expected that the price of propane market may rise in a narrow range in the short term and may weaken in the long term.