As can be seen from the trend chart, since November 2, the propane Market in Shandong has fallen and ushered in a small rebound on November 9. At present, the propane price in Shandong is mostly around 6150 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 6530.75 yuan / ton on November 2 and 6138.28 yuan / ton on November 9, with a decrease of 6.01% and an increase of 6.46% compared with October 1.

As of November 9, the mainstream prices of propane in different regions in China are as follows:

region Specifications November 9th

East China Propane,% (V / V) not less than 95 6150-6200 yuan / ton

North China Propane,% (V / V) not less than 95 6100-6200 yuan / ton

Shandong region Propane,% (V / V) not less than 95 6100-6200 yuan / ton

South China Propane,% (V / V) not less than 95 6280-6380 yuan / ton

This week, the overall focus of the domestic propane market price moved downward. At the beginning of the month, the market was not well supported. Shandong propane market only rose on the 1st, and then began to fall one after another. Until the 9th, the market was well boosted, and Shandong propane market ushered in a slight rebound. One of the main advantages is that the international crude oil rebounded sharply from the weekend, which is good for the market mentality. Secondly, the weather temperature continued to decline in November, and the demand for terminal fuel increased. In addition, the high import cost brought some support to the market, and the domestic propane Market stopped falling and rose. However, the increase in the northern market was less than that in the southern market. Due to the impact of blizzard in some areas, the transportation in the northern market was blocked, which brought some restraint to the rising market, and the propane Market in Shandong increased slightly.

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, the rise of international crude oil has significantly boosted the market. There is little change in the supply of propane Market in Shandong. The demand is affected by the cooling weather, and the terminal demand has increased. There is a market demand for replenishment in the downstream, and the overall transaction atmosphere of the market is mild. However, due to the impact of Blizzard, the transportation is blocked in some areas, which has brought some restraint to the rising market. It is expected that the propane market will rise slightly in the short term.