Price trend

This week, domestic propane in Shandong fluctuated and rose. According to the Commodity Market Analysis System of SunSirs, the average price of propane in Shandong on September 4th was 5,575 RMB/ton, and on September 8th it was 5,613 RMB/ton. The weekly increase was 0.67%, and a decrease of 5.75% compared to the same period last year.

Analysis review

The Shandong propane market continued to rise this week (9.4-9.8). During the week, international oil prices continued to rise, coupled with the introduction of a significant increase in CP prices at the beginning of the month, leading to an increase in import costs, and the domestic market actively pushing up prices. The downstream actively entered the market, the upstream inventory was low, the goods were smoothly sold, and the market trading atmosphere was good.

Saudi Aramco's September CP was introduced, with propane at 550 US dollars per ton, an increase of 80 US dollars per ton compared to the previous month; Butane was 560 US dollars per ton, an increase of 100 US dollars per ton compared to the previous month.

Market outlook

Overall, the propane price had risen to a high level, and downstream entered the market to purchase up. There is an expectation of increased demand in the future, and it is expected that the propane market will continue to rise slightly in the short term.

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