In mid May, the domestic propane market price rebounded, and the Shandong market price fluctuated higher. According to the data monitoring of business agency, the average price of propane in Shandong market was 6540.75 yuan / ton on May 10 and 6668.25 yuan / ton on May 17, with an increase of 1.95% and 52.13% compared with the same period last year.

As of May 17, the mainstream prices of propane in different regions in China are as follows:

Region, May 17th

South China, 6450-6550 yuan / ton

North China, 6550-6700 yuan / ton

Shandong Province, 6500-6700 yuan / ton

Northeast China, 6450-6650 yuan / ton

In the middle of May, the overall price of domestic propane market rose, and the price of propane Market in Shandong showed a continuous upward trend. The rising market is mainly favorable for international crude oil. Since the 11th, international crude oil prices have risen four times in a row, which has significantly boosted the propane Market. The downstream fear of rising has been more active in entering the market. The overall supply of Shandong market is low, and the increase is relatively conspicuous. Prices in the southern market have also moved up. However, the overall weak terminal demand has brought some restraint to the rising market.

Saudi Aramco announced in May 2022 that both propylene and butane fell. Propane was 850 USD / T, down 90 USD / T from the previous month; Butane is 860 US dollars / ton, down 100 US dollars / ton compared with the previous month.

At present, the international crude oil has ended its four consecutive rises, and the price has fallen. The news is negative. The market price of propane in Shandong has fallen. The overall terminal demand is weak and difficult to improve in the short term. The low supply in some parts of the market has brought some support. It is expected that the propane market price may continue to be weak and be reduced by a narrow margin.