In mid October, the rise of propane did not stop, and the overall domestic propane market continued to rise. The price of propane in Shandong has increased significantly, and the price is about to break through the level of 7000 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 6150.75 yuan / ton on October 10 and 6793.25 yuan / ton on October 18, with an increase of 10.45% during the period, an increase of 36.32% compared with September 1.

As of October 18, the mainstream prices of propane in different regions in China are as follows:

region Specifications October 18th

East China Propane,% (V / V) not less than 95 6350-6600 yuan / ton

North China Propane,% (V / V) not less than 95 6600-6800 yuan / ton

Shandong region Propane,% (V / V) not less than 95 6800-6950 yuan / ton

South China Propane,% (V / V) not less than 95 6220-6350 yuan / ton

In mid October, the domestic propane Market as a whole continued to play a leading role, and both the north and South markets increased to varying degrees. The market in Shandong increased significantly, and the price mostly rose above 6800 yuan / ton. At present, the average price of propane Market in Shandong has reached the highest point of 6793.25 yuan / ton in recent seven years.

In the middle of the year, the domestic propane market continued to be positive. At present, the northern market rose slightly and the southern market pushed up steadily, showing an upward trend. The high international crude oil price and high import cost have brought obvious support to the propane Market. In addition, the weather in the northern market has cooled significantly recently, the terminal demand has increased significantly, and the supply in the northern market has decreased. Under the dual advantages of supply and demand, the price continues to rise.

Saudi Aramco announced in October 2021 that both propylene and butane increased. Propane was 800 USD / T, an increase of 135 USD / T compared with the previous month; Butane is 795 USD / T, an increase of 130 USD / T compared with the previous month.

Although the current domestic propane market has increased significantly to a relatively high level, the peak season of propane market has come. With the obvious cooling of the weather, the terminal demand has increased significantly. In addition, the import cost and international crude oil have also brought obvious benefits to the domestic market. Although the recent market rise has narrowed compared with the previous period, the overall transaction atmosphere of the market is mild and the benefits are obvious, The propane market is still bullish in the later stage.