Just stepping into 2021, propane rose broadly to welcome a “good start”. The average price of propane increased by RMB 41550 yuan / ton on December 26, compared with the average price on December 16. As of January 5, the market prices of propane in China are as follows:
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Regional specifications January 5
Propane in East China,% (V / V) not less than: 95 4650-4750 yuan / ton
In North China,% (V / V) is not less than 95.4750-4950 yuan / ton
In Shandong Province,% (V / V) propane is not less than 95 4700-4900 yuan / ton
In South China,% (V / V) is not less than: 95 4550-5430 yuan / ton
Propane in Central China,% (V / V) not less than: 95 4500-5056 yuan / ton
In Northeast China,% (V / V) is not less than: 95 4850-4950 yuan / ton
On December 31, with the introduction of Saudi Aramco’s CP price in January, propane butane soared, bringing obvious benefits to the market. During the holidays, refineries continuously increased the ex factory prices in a wide range, among which the northern market rose significantly, with the increase range of 450-700 yuan / ton during the holidays. The southern market also increased, with a smaller range than the northern market. After the end of the holiday, the market still maintained a rising trend and the range of price increase narrowed. At present, the price is pushing up too fast, and the lower reaches are against the high price. The enthusiasm for entering the market is general, but there is still demand for replenishment. The mentality of manufacturers is mainly firm.
In January, Saudi Aramco CP announced that there were all increases in propane and butane. Propane was US $550 / T, up US $100 / T from last month; butane was US $530 / T, up US $70 / T from last month.
At present, the high cost of imported gas gives obvious support to the market, and affected by seasonal factors, the downstream inventory and replenishment is just needed, the market transaction atmosphere is good, the inventory of manufacturers is controllable, and the mentality is firm. However, the weakness of international oil prices has brought some constraints to the market, and the increase has narrowed after the festival. At present, the price has risen to a relatively high level. It is expected that the increase will be limited in the short term, or it will be stable.
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