On October 26, the market price of propane decreased by a wide margin

According to the data monitoring of business agency, the average price of propane in Shandong market was 7018.25 yuan / ton on October 25 and 6813.25 yuan / ton on October 26, with a single day decline of 2.92%, an increase of 21.72% compared with October 1.

On October 26, the domestic propane market was dominated by weakness. The price center of Shandong market moved down, and the ex factory quotation fell sharply. Most of the ex factory quotations fell back below 7000 yuan / ton, and the mainstream quotation in Shandong market was 6650-7200 yuan / ton. The manufacturer’s shipment is not smooth, the inventory pressure increases, the price is greatly reduced, and the profit is mainly delivered. It is expected that the trend of propane market is weak in the short term.

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