In the second week of August, the focus of Shandong propane market continued to move upward, with an obvious increase. According to the data monitoring of business agency, the average price of propane in Shandong market was 4900.75 yuan / ton on August 8 and 4995.75 yuan / ton on August 13. The overall increase rate in the week was 1.94%, an increase of 5.21% compared with August 1.

As of August 13, the mainstream prices of propane in different regions in China are as follows:

region Specifications August 13th

East China Propane,% (V / V) not less than 95 4750-4950 yuan / ton

North China Propane,% (V / V) not less than 95 4950-5000 yuan / ton

Shandong region Propane,% (V / V) not less than 95 4953-5080 yuan / ton

South China Propane,% (V / V) not less than 95 4810-4910 yuan / ton

Central China Propane,% (V / V) not less than 95 4900-5100 yuan / ton

In the second week of August, there was a certain deviation in the trend of propane Market in the South and North. The northern market pushed up obviously. The southern market stabilized first and then consolidated, and the price was loose. However, the overall price of domestic propane market was still at a relatively high level. This week, Shandong propane market rose significantly in the early part of the week, and the price fell slightly by the end of the week, and the mainstream price is still around 5000 yuan / ton. In the early part of the week, the market transaction atmosphere was good, the downstream concentrated on entering the market for replenishment, actively entering the market, the manufacturers shipped smoothly, the inventory was mostly at a low level, the mentality was strong, and the price continued to rise. In the later stage, with the end of centralized replenishment, the propane price rose to a high level, the downstream delisting consumed inventory, and the market transaction atmosphere was lighter than that in the earlier stage. In addition, the international crude oil trend fell and the bad market mentality, the propane market price in Shandong fell slightly on Friday.

Saudi Aramco announced in August that both propylene and butane rose. Propane was 660 USD / T, up 40 USD / T from the previous month; Butane is 655 USD / T, up 35 USD / T compared with the previous month.

At present, the strong port price has brought some support to the market, but the propane price has risen to a relatively high level, the downstream has limited ability to accept high prices, and the off-season has not passed, and the terminal demand is still weak, which has significantly restrained the rise of propane. The current trend of international crude oil is weak, which has brought some bad to the market. It is expected that there is no lack of possibility of small decline in the propane Market in the short term, We still need to pay attention to the trend of international crude oil.