This week, the domestic propane market price rose steadily, and the Shandong market rose steadily. According to the data monitoring of business agency, the average price of propane in Shandong market was 5745.75 yuan / ton on August 22 and 5835.75 yuan / ton on August 29, with an increase of 1.57% in the week and 15.73% compared with the same period last year.

As of August 29, the mainstream prices of propane in different regions in China are as follows:

Region. August 29

In South China, 5600-5700 yuan / ton

North China, 5750-5850 yuan / ton

Shandong Province, 5800-5870 yuan / ton

Northeast China, 5800-5950 yuan / ton

This week, the domestic propane market price is strong, and the propane Market in Shandong rises first and then stabilizes. During the week, the international crude oil market mainly rose, and the cost brought some support to the market. On the demand side, although the current terminal demand is still relatively weak, the downstream mentality is better, the market entry is more positive, and the market trading atmosphere has improved. In terms of supply, there is no pressure on the supply side of the Shandong market at present. The inventory of the manufacturers is mostly controllable and the mentality is relatively firm.

In August 2022, Saudi Aramco announced that both propylene and butane fell. Propane was US $670 / T, down US $55 / T from the previous month; Butane is 660 US dollars / ton, down 65 US dollars / ton from last month.

At present, the overall price of the propane Market in Shandong is relatively strong, and the quotation is mostly maintained in the range of 5800-5900 yuan / ton. In terms of cost, the international crude oil price has brought certain support, and the upstream inventory is mostly in a controllable state. The mentality of the manufacturers is relatively firm, and there is an expectation of improvement in the later demand. It is expected that the propane market may still rise in the short term.