This week, the domestic propane market price continued to be weak, and the Shandong market continued to fall, with a conspicuous range. According to the monitoring data of business agency, the average price of propane in Shandong market was 5963.25 yuan / ton on July 17 and 5793.25 yuan / ton on July 25, with a decrease of 2.85% during the week and an increase of 21.82% over the same period last year.

As of July 25, the mainstream prices of propane in different regions in China are as follows:

Region, July 25

South China. 5700-5800 yuan / ton

North China. 5800-5900 yuan / ton

Shandong Province, 5700-5900 yuan / ton

Northeast China, 5900-6100 yuan / ton

This week, the domestic propane market continued to be weak, and Shandong propane market fell significantly. Although the international crude oil market price rose first and then fell during the week, it brought phased support to the market. However, due to the weak market demand, the enthusiasm of downstream market entry is not high, and the market trading atmosphere is limited. At present, the supply in Shandong market is sufficient, and most of the factory quotations are reduced to stimulate the downstream to enter the market and relieve the inventory pressure.

Saudi Aramco announced in July 2022 that both propylene and butane fell. Propane was $725 / ton, down $25 / ton from the previous month; Butane was $725 / ton, down $25 / ton from the previous month.

At present, the overall price of propane in Shandong market is weak, and the quotation mostly falls below 6000 yuan / ton. The supply of Shandong market is relatively abundant, and the downstream replenishment is on demand, and the market demand is limited. In terms of cost, the international crude oil market has returned to weakness, which has brought limited support to the market. It is expected that the propane market may still fall in the short term.