Latest price of propane (March 20): 5100 RMB/ton, bearish in the future

Key points of analysis: On March 20th, it fell 4.45% compared to the previous trading day. Recently, the propane market in Shandong has continued to decline, with a continuously increasing decline. It is reported that the international market continues to decline and there is insufficient buying gas in the downstream, resulting in continued pressure on upstream shipments. There is a strong pessimistic atmosphere in the market, and successive price reductions stimulate sales.

Future Forecast: Currently, the price of propane is relatively high, and in the face of loose market supply and low import costs, it is expected that propane will continue to be lowered and consolidated in the short term.

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