SunSirs--China Commodity Data Group

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Commodity News

SunSirs: Viewpoint on Propane Ups and Downs on March 9

March 10 2020 11:06:45     SunSirs (John)

Product Name: Propane

 

The latest price (March 9): 3,682.5 RMB/ton

 

Analysis points:

The propane market is generally down, and the overall trading atmosphere is light. The sharp drop in international crude oil has a negative market mentality, and the enthusiasm for downstream market entry is not high. Terminal consumption is slowly restricting the market, but manufacturers' inventory is currently controllable.

 

Market outlook

It is expected that there may still be a small profit-taking possibility in the short term.

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