This week, domestic propane in Shandong fluctuated and rose. According to the Commodity Market Analysis System of the Business Society, the average price of propane in Shandong on September 4th was 5575 yuan/ton, and on September 8th it was 5613 yuan/ton. The weekly increase was 0.67%, a decrease of 5.75% compared to the same period last year.

As of September 8th, the mainstream prices of propane in different regions in China are as follows:

Region/ September 8th

East China region/ 5350-5750 yuan/ton

North China region/ 5550-5700 yuan/ton

Shandong region/ 5550-5650 yuan/ton

Northeast region/ 5550-5750 yuan/ton

The Shandong propane market continued to rise this week (9.4-9.8). During the week, international oil prices continued to rise, coupled with the introduction of a significant increase in CP prices at the beginning of the month, leading to an increase in import costs, and the domestic market actively pushing up prices. The downstream actively enters the market, the upstream inventory is low, the goods are smoothly sold, and the market trading atmosphere is good.

Saudi Aramco’s CP was introduced in September 2023, with propane at $550 per ton, an increase of $80 per ton compared to the previous month; Butane is $560 per ton, an increase of $100 per ton compared to the previous month.

Overall, the current propane price has risen to a high level, and downstream purchases have entered the market. There is an expectation of increased demand in the future, and it is expected that the propane market will continue to rise slightly in the short term.