Commodity News
Sunsirs: Propane Market Rose Significantly on March 7
March 08 2022 09:09:36
According to the data monitoring of Sunsirs, the average price of propane in Shandong market was 7163.25RMB/ton on March 4 and 7438.25 RMB/ton on March 7, with an increase of 3.84% during the period, an increase of 21.03% compared with February 1.
On the 7th, the domestic propane market price increased actively, and the increase range of Shandong propane market was 200-300 RMB/ton. The sharp rise in international crude oil prices has brought some support to the market. There is little pressure on market supply, but the demand is relatively weak. It is expected that the price of propane market will be strong in the short term.
Latest quotation:
| Dealer | Brand | Place of deliver | Price |
| Dongying Hualian | Hualian | Shandong | 7503RMB/ton |
| Huifeng | Huifeng | Shandong | 7500RMB/ton |
| Jincheng | Jincheng | Shandong | 7450RMB/ton |
| Qingdao refinery | Qingdao refinery | Shandong | 7300RMB/ton |
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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