In the middle of the month, the domestic propane market was dominated by negative factors and returned to the downward trend. At present, the price of propane in Shandong mostly fell to 6000 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 6225.75 yuan / ton on November 7 and 6033.25 yuan / ton on November 15. The decline rate during the week was 3.09%, up 4.64% compared with October 1.

As of November 15, the mainstream prices of propane (specification: propane,% (V / V) not less than 95) in different regions in China are as follows:

region November 15th

East China 6050-6100 yuan / ton

North China 5950-6150 yuan / ton

Shandong region 5900-6080 yuan / ton

South China 6150-6250 yuan / ton

This week, the domestic propane market price mainly fell as a whole. The rebound of Shandong propane market was blocked and returned to the downward trend. At present, Shandong propane price mostly fell to 6000 yuan / ton. Although it is currently in the traditional peak sales season, the overall trend is weak. The international crude oil fluctuated and fell, with a bad market mentality. In addition, some areas of the northern market were affected by heavy snow during the week, and the transportation was blocked. In terms of supply, the overall supply of propane market is sufficient, but in terms of demand, some regions have warmed up, the downstream demand is insufficient, the manufacturer’s shipment is not smooth, the inventory pressure is increasing, and consecutive profit making shipments are the main. At present, the market lacks obvious advantages, and the north and South markets are mainly down.

Saudi Aramco announced in November 2021 that both propylene and butane increased. Propane was 870 USD / T, an increase of 70 USD / t over the previous month; Butane is 830 USD / T, up 35 USD / T compared with the previous month.

At present, on the whole, the market supply is relatively sufficient, the weather in some areas stabilizes, the follow-up of terminal demand is insufficient, the manufacturers’ shipment is blocked, the inventory pressure increases, and small profits are made one after another to stimulate the downstream market to replenish goods. In addition, the decline in international crude oil prices has brought some bad news to the market. It is expected that the situation of supply exceeding demand is difficult to change in the short term, and the trend of propane market is still weak in the short term.