Enterprise May 29 June 1 June 2 Change
Bohai Chemical Industry 2950 yuan/ton 2950 yuan/ton 3050 yuan/ton +100 yuan/ton
Hualian Petrochemical 2780 yuan/ton 2950 yuan/ton 2950 yuan/ton +170 yuan/ton
HSBC Petrochemical 2900 yuan/ton 3050 yuan/ton 3050 yuan/ton +150 yuan/ton
Hengyuan Petrochemical 2920 yuan/ton 3100 yuan/ton 3150 yuan/ton +230 yuan/ton
Binzhou Dayou 2900 yuan/ton 3000 yuan/ton 3050 yuan/ton +150 yuan/ton
Qingdao Petrochemical 2900 yuan/ton 2900 yuan/ton 3000 yuan/ton +100 yuan/ton
The Shandong propane market fell mainly in May, with a larger range. One of the reasons for the decline was the suppression of civilian use of liquefied petroleum gas. In May, the price of liquefied petroleum gas in Shandong fell frequently, and the price difference between propane and civil gas gradually narrowed, forcing the propane market to continue to shift its focus. The second is that the port has sufficient cargo supply this month, and more imported propane arrives. The third is due to seasonal factors. In May, as the weather became warmer, the temperature gradually increased, the end market demand gradually decreased, the downstream replenishment cycle lengthened, the enthusiasm for entering the market weakened, and the refinery lowered prices to stimulate downstream entry. As prices fell, the market trading atmosphere improved at the end of the month.
Entering June, Shandong propane market was welcoming “a good start”, the price ended the downturn, and finally ushered in a substantial increase. The average price of propane was 2850.00 yuan/ton on May 31, and the average price was 2975.00 yuan/ton on June 1, with a single-day increase of 4.39%. On June 2, there was an individual increase operation. The rise in international oil prices has boosted the bullish confidence of downstream players. In addition to the introduction of CP in June, propane butane has risen and fallen. Propane has risen by US$10/ton from the previous month, which has given the market a certain boost. The enthusiasm for entering the market increased due to the downstream buying attitude, manufacturers shipped smoothly, the market trading atmosphere improved, and prices pushed up.
Propane downstream propylene rose by 11.09% during the month, and the monthly amplitude was 17.57%. The downstream’s substantial upward movement played a certain role in supporting the propane market. In May, the propylene market in Shandong showed a trend of rising first and then falling. During May 1st, the price of propylene increased slightly. After the holiday, propylene started a continuous rising mode. From June 6-21, it showed a straight upward trend until it finally began to stabilize on the 22nd. Entering the downtrend channel, it stabilized again on the 29th, and some companies went down slightly. On the 30th, the price remained stable. On the 31st, it suddenly rose by about 50 yuan/ton. At the end of May, the market turnover was between 6550-6650 yuan/ton. The mainstream price is around 6550 yuan/ton.
| Gamma Polyglutamic Acid |
Propane rose the second day in the chemical sector. According to the price monitoring of the business community, on June 1, 2020, there were a total of 13 commodities in the chemical sector in the commodity price rise and fall list, of which 1 was a commodities with an increase of more than 5%, accounting for 1.1% of the monitored commodities in this sector. ; The top three commodities for the increase were hydrochloric acid (57.14%), propane (4.39%), and acetone (2.90%). There were 19 kinds of commodities that fell sequentially, and one kind of commodities that fell more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products that fell were methylene chloride (-8.70%) and propylene oxide ( -3.60%), white carbon black (-2.92%). The average daily increase or decrease was 0.46%.
Propane rose the second day in the chemical sector. According to the price monitoring of the business community, on June 1, 2020, there were a total of 13 commodities in the chemical sector in the commodity price rise and fall list, of which 1 was a commodities with an increase of more than 5%, accounting for 1.1% of the monitored commodities in this sector. ; The top three commodities for the increase were hydrochloric acid (57.14%), propane (4.39%), and acetone (2.90%). There were 19 kinds of commodities that fell sequentially, and one kind of commodities that fell more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products that fell were methylene chloride (-8.70%) and propylene oxide ( -3.60%), white carbon black (-2.92%). The average daily increase or decrease was 0.46%.
From the perspective of the market outlook, the current increase in international oil prices and the slight increase in CP in June have brought benefits to the market, and the enthusiasm for entering the market has increased under the mentality of downstream buying. The market trading atmosphere has improved from the previous period. However, the current seasonal factors are still the main reason for restraining the price increase. In June, the temperature gradually increased, the terminal demand is expected to decrease, and the downstream replenishment cycle is lengthened. Propane is about to enter the traditional low season of consumption. In the long run, prices may fall Possible.
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