In July, the propane market fluctuated frequently, showing a volatile upward trend as a whole, and there were many positive factors in July. According to the data monitoring of business agency, the average price of propane Market in Shandong was 4543.25 yuan / ton on July 1 and 4748.25 yuan / ton on July 31. The overall increase in July was 4.51%, an increase of 41.74% compared with the same period last year.

As of July 30, the mainstream prices of propane in different regions in China are as follows:

region Specifications July 30th

East China Propane,% (V / V) not less than 95 4600-4900 yuan / ton

North China Propane,% (V / V) not less than 95 4650-4750 yuan / ton

Shandong region Propane,% (V / V) not less than 95 4600-4800 yuan / ton

South China Propane,% (V / V) not less than 95 4650-4750 yuan / ton

Central China Propane,% (V / V) not less than 95 4600-4950 yuan / ton

In July, Shandong propane market fluctuated frequently, but the overall focus shifted upward. At the beginning of July, the propane market enjoyed a good start, and the price continued to rise to a high level. After the introduction of CP in July, both propane and butane rose sharply, and the high import cost significantly boosted the domestic market. The sharp rise of the international crude oil market has also brought positive support to the market. Both the north and South markets have increased to varying degrees. However, in the later stage, with the decline of international crude oil, there were insufficient favorable factors in the market, and the price fell. However, the high port price brought obvious support to the market. On the 18th, Shandong propane market rose again in the month until the end of the month. In July, the overall shipment situation of the market was ok, but there was a certain deviation in the trend of North and South in the second half of the month.

Saudi Aramco announced in August that both propylene and butane rose. Propane was 660 USD / T, up 40 USD / T from the previous month; Butane is 655 USD / T, up 35 USD / T compared with the previous month.

Due to the influence of seasonal factors, the off-season has not passed, and the terminal demand is still weak, which has brought some restraint to the rising market. However, with the introduction of CP in August, propylene butane continued to rise, the high import cost brought obvious support to the domestic market, and the international crude oil operated at a high level. It is expected that the propane market may still rise in August.