June propane (Shandong) market twists and turns, the overall trend is up – down – up. According to the data monitoring of business agency, the average price of propane market was 2975.00 yuan / ton on June 1, and 2927.50 yuan / ton on June 30, with a decrease of 1.60% and the maximum earthquake amplitude of 7.06%.

Regional specification enterprises rose and fell from June 1 to June 30

Shandong propane,% (V / V) not less than: 95 HSBC Petrochemical 3050 yuan / ton 2980 yuan / ton – 70 yuan

Shandong propane,% (V / V) not less than: 95 Hualian Petrochemical 2950 yuan / ton 2880 yuan / ton – 70 yuan

Shandong propane,% (V / V) not less than: 95 Hengyuan Petrochemical 3100 yuan / ton 3000 yuan / ton – 100 yuan

Shandong propane,% (V / V) not less than: 95 Haiyou petrochemical – 2850 yuan / ton-

Shandong propane,% (V / V) not less than: 95 Binzhou Dayou 3000 yuan / ton 2880 yuan / ton – 120 yuan

At the beginning of June (1-7), the propane market was very happy. Prices ended the downturn, and finally ushered in a substantial rise. On May 31, the average price of propane was 2850.00 yuan / ton, and on June 1, the average price was 2975.00 yuan / ton, with a single day increase of 4.39%. On June 2, there were individual supplementary operations. The rise of international oil price has boosted the bullish confidence of downstream industries. In addition, with the introduction of CP in June, the price of propane increased by US $10 / T compared with that of last month, bringing a certain boost to the market. With the downstream buying up mentality, the enthusiasm for entering the market increased, the manufacturers delivered goods smoothly, the market transaction atmosphere improved, and the price rose.

Then, from June 7 to 17, the market opened a downward channel. During this period, the broad decline of international crude oil and import costs affected the market mentality. With the completion of replenishment, downstream companies have withdrawn from the market to consume inventory. At present, they are in the traditional off-season demand season, the terminal demand is reduced, the downstream replenishment cycle is lengthened, and the market transaction atmosphere is obviously weakened. Upstream interest to stimulate shipment, prices ushered in a sharp fall. As the price fell to a relatively low level, some downstream bargains entered the market, the upstream shipment situation improved to some extent, the inventory was released, and the price was slightly increased under the strong mentality, and the propane market rebounded. However, the current terminal demand did not significantly improve, and the propane market rebound was hindered, and fell again on June 21.

From June 22 to 27, the Dragon Boat Festival holiday was reduced, and the market was dominated by horizontal consolidation. Until the end of the month (28th), Shandong propane market again ushered in a rise. After the holiday, the demand for downstream storage and replenishment after the holiday is good. The overall market transaction atmosphere is OK. The manufacturers’ inventory is running at a low level. In addition, the price of civil gas rises. The market price in Shandong rises by 30-70 yuan / ton per day. On the 30th, crude oil pushed up in the morning, which brought good news to the market again. At present, the expected high price of CP in July has significantly boosted the market mentality. The Shandong market continued to rise, ranging from 20-80 yuan / ton.

Saudi Aramco CP announced in July that both propane and butane rose slightly, propane increased by $10 / T, and butane increased by $10 / T, bringing obvious benefits to the market.

The main reason for the downward shift of propane Market Center in June is that due to seasonal factors, the current high temperature and limited terminal demand significantly restrain the price upward. At present, the supply of port goods is relatively sufficient, but it is still moderate compared with the previous period. After the introduction of Saudi Aramco’s CP price in July, the propylene butane increased by US $10 / T, which brought certain benefits to the market. However, the traditional off-season in July did not end, and terminal demand still kept the price down. It is expected to rise in July or narrow shocks.