SunSirs--China Commodity Data Group

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SunSirs: Opinions on the Price Change of Propane on September 25

September 26 2019 10:58:37     SunSirs (John)

Product Name: Propane

The latest price (September 25): 3872.5 RMB/ton

Analysis points: On the morning of September 25, the crude oil fell broadly, and the bearish industry mentality was the dominant. The propane market was dominated by weak consolidation, and the market trading atmosphere was flat. The National Day is near, the upstream has the need to release the warehouse, and the small-scale profit-oriented shipments are mainly, but the intention of deep decline is not big. Under the mentality of buying downstream and not buying down, it is more cautious and wait-and-see, and the enthusiasm for entering the market is not high.

Market outlook: It is expected that the cross-market adjustment will be the mainstay in the short term.

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