This week, the domestic propane market rose significantly, and the Shandong market showed a continuous upward trend. According to the data monitoring of business agency, the average price of propane in Shandong market was 6453.25 yuan / ton on February 28 and 7438.25 yuan / ton on March 7. The increase rate in the week was 15.26%, an increase of 84.42% compared with the same period last year.
| PVA 1799 (PVA BF17) |
As of March 7, the mainstream prices of propane in different regions in China are as follows:
region . March 7th
East China 7200-7300 yuan / ton
North China 7150-7350 yuan / ton
Shandong Province 7300-7500 yuan / ton
South China 7300-7450 yuan / ton
Recently, the domestic propane market has increased in a wide range, and the propane Market in Shandong has increased significantly. Most of the prices have risen to around 7500 yuan / ton. At present, the market is favorable and sufficient. First, the continuous sharp rise of international crude oil has brought obvious support to the market. In addition, when CP prices were introduced in March, both propylene and butane rose sharply, with obvious cost side benefits. At present, the supply side of Shandong market is relatively small, and the upstream inventory is mostly in a controllable state, which also brings some benefits. The manufacturer’s mentality is relatively strong, and the price has continued to rise sharply. Mercosur is also the above-mentioned actor.
| PVA |
Saudi Aramco announced in March 2022 that both propylene and butane increased. Propane was 895 dollars / ton, an increase of 120 dollars / ton over the previous month; Butane 920 US dollars / ton, up 145 US dollars / ton compared with the previous month.
On the whole, the current international crude oil continues to rise sharply, which brings some support to the market. In addition, the limited market supply is also the main factor for the upward price. However, the current price has risen to a relatively high level, and the downstream has limited ability to accept high prices. It is expected that the price of propane market will be strong in the short term, and the upward range may be limited.
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