At the beginning of July, the domestic propane market rose steadily, and the Shandong market rebounded slightly. According to the monitoring data of business agency, the average price of propane in Shandong market was 6025.75 yuan / ton on July 1 and 6050.75 yuan / ton on July 6, with an increase of 0.41% during the period and 25.06% over the same period last year.

As of July 6, the mainstream prices of propane in different regions in China are as follows:

Region, July 6th

South China, 5700-5850 yuan / ton

North China, 3000-6150 yuan / ton

Shandong region, 5950-6100 yuan / ton

Northeast China, 6100-6250 yuan / ton

At the beginning of the month, the domestic propane market remained stable on the whole, and the propane Market in Shandong increased by a narrow margin. With the introduction of CP price in July, propylene and butane fell, but the decline was less than expected, which brought relative support to the domestic market. In addition, the price of international crude oil market rose, which was good for the market mentality in terms of cost. The downstream market entry enthusiasm is mild, and the market trading atmosphere is acceptable. At present, the upstream inventory of Shandong market is mostly in a controllable state, and most manufacturers are mainly supporting prices.

Saudi Aramco announced in July 2022 that both propylene and butane fell. Propane was $725 / ton, down $25 / ton from the previous month; Butane was $725 / ton, down $25 / ton from the previous month.

At present, the market price of propane in Shandong is mostly around 6000 yuan / ton, the upstream inventory is temporarily pressureless, and the downstream market entry atmosphere is slightly improved. However, with the sharp decline of international crude oil, the bad market mentality on the news side has significantly restrained the rebound market. In addition, there is no improvement in terminal demand. It is expected that the price of propane market may weaken in the short term.