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SunSirs: Propane Market Fell Sharply on March 28

March 29 2022 10:12:07     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the average price of propane in Shandong on March 25 was 6,963.25 RMB/ton, and the average price of propane on March 28 was 6,488.25 RMB/ton, a drop of 6.82% during the period, and down by 1.63% from the price  on March 1.

Analysis review

The domestic propane market fell on the 28th, and the Shandong propane market began to reduce the ex-factory price over the weekend, and continued to decline on the 28th, with a range of 100-200 RMB/ton. Although the rise in international crude oil prices brought some support to the market, the market demand was weak.

Market outlook

It is expected that the propane market may still fall in the short term.

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