After the Spring Festival holiday, the domestic propane market has been lowered to varying degrees, and the Shandong market as a whole shows a trend of rising first and then falling. According to the data monitoring of business agency, the average price of propane in Shandong market was 6125.75 yuan / ton on February 7 and 5955.75 yuan / ton on February 14. The decline rate in the week was 2.78%, up 47.51% compared with the same period last year.

As of February 14, the mainstream prices of propane in different regions in China are as follows:

region February 14th

East China 6000-6050 yuan / ton

North China 5900-6050 yuan / ton

Shandong region 5400-5900 yuan / ton

Northeast China 6000-6330 yuan / ton

With the end of the Spring Festival holiday, the propane Market in Shandong increased after the festival. The strong international crude oil price during the holidays brought some positive support to the market. In addition, the CP price of propylene butane increased in varying degrees in February, and the market rose first after the festival. However, the market then entered a downward trend. Due to the relatively high price of Shandong propane market compared with the same period, the downstream acceptance capacity is limited, and the current terminal consumption capacity is not as expected, Shandong propane market mainly fell.

Saudi Aramco announced in February 2022 that both propylene and butane increased. Propane was $775 / ton, up $35 / ton from the previous month; Butane is 775 dollars / ton, up 65 dollars / ton from the previous month.

On the whole, the price in the southern market is relatively strong compared with that in the northern market, but it is also weakened to varying degrees. At present, the sharp rise in international crude oil prices has brought obvious support to the market. In addition, with the price reduction, the enthusiasm of downstream market entry has improved. It is expected that the price of propane market will stop falling in the short term and focus on narrow adjustment.