In April, the domestic propane market fluctuated frequently as a whole, and the price center of Shandong market shifted downward, showing an “m” shape trend as a whole. According to the data monitoring of business agency, the average price of propane in Shandong market was 6698.25 yuan / ton on April 1 and 6613.25 yuan / ton on April 26. The decline range in the month was 1.27%, up 44.77% compared with the same period last year.

As of April 26, the mainstream prices of propane in different regions in China are as follows:

Region, April 22nd

South China, 6350-6450 yuan / ton

North China, 6400-6700 yuan / ton

Shandong Province, 6450-6650 yuan / ton

Northeast China, 6100-6600 yuan / ton

In April, the overall fluctuation range of domestic propane market was limited, and the price fluctuated in a narrow range. The trend of Shandong propane Market showed an “m” shape in the month. At the beginning of April, the CP price rise was introduced in April and affected by the Qingming holiday. The demand for inventory and replenishment before and after the downstream Festival helped the rise of propane market price. However, with the downstream delisting after the festival, the international crude oil went down and the market mentality was bad. The manufacturer’s shipment was blocked and the profit delivery was mainly made. In the middle of the month, driven by the rebound of international crude oil, the propane Market followed the rise. By the end of the month, the market was still restrained by insufficient terminal demand, the market trading atmosphere was limited, and the market price of propane in Shandong fell back to weakness.

Saudi Aramco announced in April 2022 that both propylene and butane increased. Propane was 940 USD / T, up 45 USD / T from the previous month; Butane is 960 US dollars / ton, up 40 US dollars / ton compared with the previous month.

Near the end of the month, the domestic propane markets in the South and North are mainly horizontal consolidation, and the price fluctuation is small. The decline of international crude oil prices is bad for the market mentality, but the May Day holiday is coming, the market trading atmosphere is mild, and the price before the festival is relatively strong. It is expected that the price of propane market will continue to consolidate in the short term.