In the last 10 days, the favorable factors of domestic propane market have been obviously supported, and the price has been rising continuously, with the main upward trend. According to the data of business agency, the average price of propane Market in Shandong Province was 4248.25 yuan / ton on June 8, and 4370.75 yuan / ton on June 17, with a period of 2.88% increase, up 50.46% compared with the same period last year.

As of June 17, the main prices of propane in domestic sub region are as follows:

region Specifications June 17th

East China Propane,% (v/v) not less than 95 4000-4350 yuan / ton

North China Propane,% (v/v) not less than 95 4200-4270 yuan / ton

Shandong Province Propane,% (v/v) not less than 95 4300-4450 yuan / ton

South China Propane,% (v/v) not less than 95 4340-4440 yuan / ton

Central China Propane,% (v/v) not less than 95 4250-4600 yuan / ton

The current propane price is up 50.46% compared with the same period last year, and the price is still on the high side. Recently, propane market has many favorable factors, and the price has been up. First, it is the international crude oil market. The recent international crude oil trend has risen, and the news side is favorable for the market mentality. Secondly, the import gas aspect, the high import cost brings obvious support to the market. In addition, after the Dragon Boat Festival, there is a certain demand for replenishment in the downstream. The downstream market enthusiasm is mild, the favorable factors are superimposed, the mentality of the manufacturer is strong and the market behavior is the main. At present, the domestic propane market is in the upward trend in the north and south. After the saving, the northern market is mostly stable and pushed up. Because of the low price in the early stage, the price of the southern market is wide pushed up after the inventory is released after the saving, which is more obvious than that in the northern market. However, the market is still in the market, and the terminal demand is weak due to seasonal factors, which will bring some constraints to propane upstream.

International crude oil market, June 16, international oil prices closed up slightly, the settlement price of the main contract in the WTI crude oil futures market in the United States was $72.15/barrel, or 0.03 USD. Brent crude oil futures market main contract settlement price at $74.39/barrel, up $0.40 or 0.50%. The US gasoline inventory rose last week, limiting the power of oil prices, according to inventory data released by the U.S. Energy Information Agency (EIA) on Wednesday.

Saudi Aramco announced in June that the butane was up regulated. Propane was 530 US dollars / ton, up 35 dollars / ton compared with last month; Butane was $525 / T, up $50 / T from last month.

At present, the international crude oil rise has brought a great support to the market, and the import cost increases, the propane Market follows the main behavior. However, in the traditional off-season of sales, the overall terminal demand is still weak. In the near future, the market supply will benefit the market for a short time due to the decrease of port to ship. It is expected that the propane market will be adjusted narrowly or there may be a weak possibility.