Prices fell after soaring. How will propane be deduced in the future?

Price Trend

http://www.trimethylaceticacid.com

From September 15 to 24, the propane market rose sharply and then fell back. On September 15, the average price of propane in Shandong was 3705 yuan/ton, on September 19 it was 3975 yuan/ton, and on September 24 it rose 7.29% and then fell. As of September 24, the average price of propane in Shandong was 3872.5 yuan/ton, which was 2.58% lower than on September 19 and 29.3% lower than the same period last year.

II. Analysis of Influencing Factors

September is the traditional sales peak season of propane, the industry also inherently “gold, nine silver and ten” saying, into September, the industry’s expectations of future demand are generally good, early September manufacturers tentative rise, but due to the small temperature changes, propane market demand is not obvious, the increase is limited. The sharp rise of international crude oil led by the Saudi Arabian incident in the latter period opened up an upward channel for the propane market. Influenced by the sharp rise of international crude oil, the international spot price rose rapidly, which led to the wide rise of propane price, and helped boost the trend of “gold, silver and ten”. In addition, after the Mid-Autumn Festival, downstream inventory demand, active market entry, smooth shipment of manufacturers, low inventory, hot market atmosphere, prices continue to rise, Shandong market prices rise 300-500 yuan, most manufacturers prices exceed 4000 yuan.

Polyglutamic acid agricultural grade

However, with the continuous decline of international crude oil on the 18th and 19th, the cost of imported gas was reduced broadly, and the market mentality was negative, and the market gradually returned to rationality. The downstream wait-and-see mood increased, the mentality was more cautious, the shipment of manufacturers was not smooth, and the trading atmosphere was significantly weaker than the previous period. Although upstream has a mentality of protecting the market, but the international market trend is weak, the momentum of rise is insufficient, 20 began to fall, manufacturers continue to yield mainly, most prices fell below the 4000 yuan mark. At present, domestic market prices are quite high, there is still room for a short-term downward trend, but it is difficult to fall to the low level before the price rise. In October, the expected rise in CP prices has supported the market. With the arrival of the Eleventh mini-long holiday, the demand for inventory in the lower reaches of the market may change the situation of decline.

Saudi Amy Corp. announced in September that the price of propane was lowered and the price of butane was flat. Propane was $350 per ton, down by $20 per ton from last month; butane was $360 per ton, flat from last month. The cost of long-term approximate cargo propane converted to onshore is around 3 022 yuan/ton and that of butane 3100 yuan/ton.

3. Future Market Forecast

Polyglutamic acid cosmetic grade

Propane analysts believe that although the market demand fluctuations in September are not obvious, the international crude oil boom boosted Jinjiu, and the propane market rose more than expected. At present, the market is weak and the downstream wait-and-see mood still exists. In October, the expectation of CPI increase is still in place, which supports the market to a certain extent. Although there is a decline in the short term, there is little room for it. Later, with the cool weather and the drop of temperature, the market demand will rise. In addition, with the Eleventh mini-long holiday coming, the downstream inventory is expected before and after the festival, and the propane market is expected to usher in a new wave of rising prices in October.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>