Propane market rebounded at the end of the month, with a narrow upward trend. According to the data monitoring of business news agency, the average market price of propane was 4040.00 yuan / ton on February 25 and 4067.50 yuan / ton on February 26, up 0.68% on a single day and 0.74% compared with February 17.

As of February 26, domestic mainstream propane prices by region are as follows:

Regional specifications February 26

Propane in East China,% (V / V) not less than: 95 4150-4300 yuan / ton

In North China,% (V / V) is not less than 95 3800-4000 yuan / ton

In Shandong Province,% (V / V) propane is not less than 95 3900-4050 yuan / ton

In South China,% (V / V) is not less than: 95 4260-4450 yuan / ton

At the end of February, Shandong propane market had a narrow rise. International crude oil mainly rose at the end of the month, which brought some support to the market. LPG and propane both rose. At present, the southern market is stable and upward, while the northern market is up and down. However, due to the weak terminal demand, the downstream market entry is not active, and most of them make up on demand.

In terms of international market, Saudi Aramco announced in February that there was an increase in propane and butane. Propane was 605 US dollars / ton, up 55 US dollars / ton compared with last month; butane was 585 US dollars / ton, up 55 US dollars / ton compared with last month.

At present, the international crude oil shock has brought some support to propane. At the end of the month, with the introduction of CP price in March, there is a rising expectation, which brings some good to the market. The propane market has recovered, but the main reason for the lack of power of price rise is the poor terminal demand. It is expected that the propane market will rise in a short period of time.