It can be seen from the trend chart that the propane market has been going down since April 14, and the current price has fallen back to the level at the beginning of the month. The propane market has “gone up lonely” in April. According to the data monitoring of business news agency, the average price of propane market was 4843.25 yuan / ton on April 13 and 4508.25 yuan / ton on April 22, with a decrease of 6.92% during the period and 0.17% compared with April 1.

As of April 22, domestic mainstream propane prices by region are as follows:

region Specifications April 22nd

East China Propane,% (V / V) not less than: 95 4230-4400 yuan / ton

North China Propane,% (V / V) not less than: 95 4500-4650 yuan / ton

Shandong Province Propane,% (V / V) not less than: 95 4300-4600 yuan / ton

South China Propane,% (V / V) not less than: 95 4350-4400 yuan / ton

Central China Propane,% (V / V) not less than: 95 4650-4706 yuan / ton

Shandong propane market began to fall all the way in the second half of the month, forming a clear contrast with the rising trend in the first half of the month. This time, the South and North markets were down simultaneously, but the decline in the north market was more obvious than that in the south market. The main reasons for the decline are as follows: firstly, affected by the low price of ports in East China market, refineries were forced to lower their prices. Secondly, in terms of crude oil, international crude oil began to fluctuate and fall on the 18th, giving weak support to the market. Finally, on the demand side, as the overall demand of the domestic market is at a weak level, when the supply side is sufficient, the downstream mostly maintains periodic replenishment, the refinery’s shipment situation is general, and the inventory continues to accumulate, resulting in a weak price.

In terms of international market, Saudi Aramco announced in April that there was a downward trend in propane butane. Propane is 560 US dollars / ton, down 65 US dollars / ton compared with last month; Butane is 530 US dollars / ton, down 65 US dollars / ton compared with last month.

International crude oil market: on April 21, international oil prices continued to fall. The settlement price of the main contract in the US WTI crude oil futures market was US $61.35/barrel, down by US $1.32 or 2.1%. The settlement price of the main contract in Brent crude oil futures market was at US $65.32/barrel, down US $1.25 or 1.9%. The market was worried that the surge of new crown infection in India would hurt energy demand, and the US Energy Information Administration (EIA) report on Wednesday showed that US crude oil stocks rose unexpectedly last week.

At present, the overall domestic propane markets in the north and South are in a weak position. Although individual refineries in Shandong have slightly increased their prices, the overall shipping atmosphere is still weak. Under the negative factors of the decline of international crude oil, the enthusiasm of downstream market entry is poor. But there are also positive factors in the market. Near the May Day holiday, there is a demand for replenishment in the downstream market before the festival, and the market transaction atmosphere is expected to improve. It is expected that the propane market will stop falling and stabilize in the short term, but there is still a possibility of falling in the long term.