Price trend

The propane commodity index on September 12 was 91.38, up 0.23 points from yesterday, down by 24.98% from the highest point of 121.80 points (2012-03-23) in the cycle, up 93.36 from the lowest point of 47.26 on August 07, 2016. %. (Note: Period refers to 2011-09-01 to date)

Products: The domestic propane market has risen slightly and the market has stabilized. The ex-factory price of propane in Shandong is 5600-5730 yuan / ton. The quoted price is the reference price, and the actual price is based on the actual transaction price. In the morning, the international crude oil surged, which formed a certain support for the market mentality, and the downstream industry’s wait-and-see attitude gradually loosened. Manufacturers are relatively smooth today, and there is no pressure on stocks. Overall, the performance of the domestic propane market remained firm, the weather turned cooler, the market demand increased, and the market formed support.

Industry chain: The market for liquefied petroleum gas is stable today. Under the pressure of high prices, the downstream procurement strength has weakened, the terminal inventory has become saturated, and the market atmosphere has turned weak. Today’s domestic propylene market is deadlocked. The mentality of the production enterprises is still stable, and most of them have no stock pressure under the pressure of stocks, and there is no intention to lower them.

Market outlook: The propane analyst of the business community believes that the current propane price has risen to a high level, the overall inventory of the manufacturers has no inventory pressure, and the downstream market enthusiasm has rebounded. It is expected that the propane market will remain stable at a high level tomorrow.