This week, the domestic propane Market returned to weakness, and the price of Shandong market fluctuated and fell significantly. According to the monitoring data of business agency, the average price of propane in Shandong market was 6445.75 yuan / ton on June 6, and 6350.75 yuan / ton on June 13, with a decline of 1.63% in the week, up 47.84% compared with the same period last year.

As of June 13, the mainstream prices of propane in different regions in China are as follows:

Region, June 13th

South China, 61000-6200 yuan / ton

North China, 6400-6500 yuan / ton

Shandong region, 6250-6350 yuan / ton

Northeast China, 6500-6700 yuan / ton

After entering this week, the trend of domestic propane Market returned to weakness. Shandong propane market only rose individually on the 6th, and then entered the horizontal consolidation stage until the price fell on the 13th, with a conspicuous range. Due to the weakening of international crude oil, the benefits brought about by the cost are limited, and the propane Market follows the weakness. In addition, due to the off-season factors, the terminal demand is limited, the market trading atmosphere is general, and the manufacturers mainly sell goods at a profit, resulting in a significant decline in prices.

Saudi Aramco announced in June 2022 that both propylene and butane fell. Propane was 750 dollars / ton, down 100 dollars / ton compared with the previous month; Butane is 750 dollars / ton, down 110 dollars / ton compared with the previous month.

Although the current international crude oil price fluctuates downward, the propane market is still supported by the relatively high price and the cost. However, the demand is weak, the downstream market entry enthusiasm is limited, the market trading and investment atmosphere is general, and the manufacturers mainly sell goods at a profit. It is expected that the market price of propane will continue to decline in the short term.