At the beginning of April, the domestic propane market fluctuated upward, the overall market in Shandong showed a trend of first rising and then restraining, and the price was stable as a whole. According to the data monitoring of business agency, the average price of propane in Shandong market was 6698.25 yuan / ton on April 1 and 6858.25 yuan / ton on April 8, with an increase of 2.39% and 50.05% compared with the same period last year.
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As of April 8, the mainstream prices of propane in different regions in China are as follows:
Region, April 8th
East China, . 6450-6850 yuan / ton
North China, 6650-6900 yuan / ton
Shandong Province, 6700-6950 yuan / ton
Northeast China, 6000-6500 yuan / ton
At the beginning of April, the domestic propane market was dominated on the whole, and the market price of propane in Shandong increased first and then decreased. At present, the positive market is limited. With the introduction of CP price in April, propylene butane rose, bringing obvious support to the domestic market. However, the international crude oil price is mainly volatile, and the benefits brought by the cost are limited. At present, there is little change in market supply and weak demand. Due to the impact of public health time in Shandong, the shipment situation has been blocked, which has brought some resistance to the rising market. At present, the trend of the northern market is stronger than that of the southern market.
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Saudi Aramco announced in April 2022 that both propylene and butane increased. Propane was 940 USD / T, up 45 USD / T from the previous month; Butane is 960 US dollars / ton, up 40 US dollars / ton compared with the previous month.
On the whole, the introduction of CP price rise in April has brought some support to the market. The domestic propane market is still at a relatively high level compared with the same period, but the benefits brought to the market by the fluctuation of international crude oil trend are limited. In addition, the terminal demand is weak and the overall trading atmosphere of the market is limited. It is expected that the propane market may still weaken in the short term.
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