Price trend

On the 11th, the low point in the Shandong propane market continued to rise, with mainstream market prices ranging from 3,800 to 3,850 RMB/ton.

Analysis review

Due to the rise in crude oil prices, boosting market confidence, propane manufacturers were actively pushing up. As of July 11, it seemed that the low level sales were smooth, and there was not much inventory pressure from manufacturers. Relevant products remained weak and declining.

Market outlook

It is expected that there will be significant resistance for the propane market to continue to rise in the short term, mainly stabilizing after the rise.

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