SunSirs: Propane Market Continued to Rise on March 23
March 24 2022 10:38:54 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the average price of propane in Shandong market was 6,875.75 RMB/ton on March 22, and the average price on March 23 was 6,975.75 RMB/ton, with a single-day increase of 1.45%, and an increase of 5.76% compared with the price on March 1.
Analysis review
On the 23rd, the domestic propane market price continued to rise, and the Shandong propane market increased by 100-150 RMB/ton, and the increase slowed down. The fall in international crude oil prices brought limited support to the market. The supply side of the market changed little, and the demand side was weak.
Market outlook
It is expected that the propane market has limited room for continued growth in the short term.
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