Entering July, the propane market welcomed the rising market and made a good start at the beginning of the month. According to the data monitoring of business news agency, the average price of propane in Shandong was 4543.25 yuan / ton on July 1 and 4838.25 yuan / ton on July 6, with an increase of 6.49% during the period and 66.55% compared with the same period last year.

As of July 6, the mainstream propane prices in different regions of China are as follows:

region Specifications July 6th

East China Propane,% (V / V) not less than: 95 4650-4800 yuan / ton

North China Propane,% (V / V) not less than: 95 4550-4870 yuan / ton

Shandong Province Propane,% (V / V) not less than: 95 4700-4900 yuan / ton

South China Propane,% (V / V) not less than: 95 4640-4740 yuan / ton

Central China Propane,% (V / V) not less than: 95 4450-4906 yuan / ton

After entering July, Shandong propane market prices continued to rise. After the introduction of CP in July, propane and butane all rose sharply, and the high import cost brought obvious boost to the domestic market. The sharp rise of the international crude oil market has also brought good support to the market. Markets in the north and the South all rose to varying degrees. As of June 6, North China in the north market continued to push up, while Shandong remained stable in general and rose sporadically, while Northeast China mainly kept stable prices. In the South China market, prices have been rising steadily, and most of them are at a high level.

Saudi Aramco CP announced in July that propane and butane all rose. Propane was 620 US dollars / ton, up 90 US dollars / ton from last month; Butane is 620 US dollars / ton, up 95 US dollars / ton from last month.

On July 5, international oil prices rose. The US futures market was closed during the Independence Day holiday. The settlement price of the main contract in Brent crude oil futures market was 77.16 US dollars / barrel, up 0.99 US dollars or 1.3%. The negotiations between the organization of Petroleum Exporting Countries and its allies (OPEC +) reached a deadlock again, and the meeting was suddenly called to a halt. As soon as the news came out, oil prices rose sharply.

At present, although the northern market continues to rise, the increase is obviously narrower than that in the earlier stage. The inventory of refineries is mostly at a low level. In addition, the port price is high and firm, so the market is still good. The enthusiasm for entering the market is better under the fear of rising in the downstream. However, due to the influence of seasonal factors, the current propane market demand is weak, which brings some constraints to the rising market. It is expected that the propane market will rise first and then fall.