For the coming end of 2020, propane Market ended up rising and rose strongly in the week. According to the data monitoring of business news agency, the average market price of propane was 4007.50 yuan / ton on December 27 and 4105.00 yuan / ton on December 30, with an increase of 2.43% in the week and 6.97% compared with December 1. As of December 30, the mainstream propane prices in different regions in China are as follows:

Dec. 30, 2007

Propane in East China,% (V / V) not less than: 95 4150-4200 yuan / ton

In North China,% (V / V) is not less than 95.4000-4100 yuan / ton

In Shandong Province,% (V / V) propane is not less than 95 4050-4100 yuan / ton

Propane in Central China,% (V / V) not less than: 95 4250-4606 yuan / ton

Towards the end of the year, favorable factors in propane market dominated, supporting the price rise. In terms of international crude oil, it fell first and then rose within the week. The news is favorable to the market mentality. In addition, the high import cost supports the price to go higher. Near the end of the month, the price of CP will be released in January, which is expected to bring certain benefits to the market. Shandong area was obviously pushed up in the week, while the northern market was only slightly down, while the southern market was dominated by horizontal consolidation. At present, new year’s Day is approaching, and there is more demand for storage and replenishment in the downstream before the festival. The enthusiasm for entering the market is high, and the market transaction atmosphere is good.

In terms of international market, Saudi Aramco announced in December that there was an increase in propane and butane. Propane was US $450 / T, up by US $20 / T from last month; butane was US $460 / T, up by US $20 / T from last month. CP rose in December, which brought good news to the market.

At present, the CP price is expected to rise in January, which is good for the market mentality. The small rise of international crude oil will boost the market mentality. Moreover, the market is still in the peak demand season in winter. The downstream just needs to replenish, and the downstream needs to store and replenish before the festival. It is expected that the propane market will rise steadily in the short term.