SunSirs: Weekly Report on Propane Market (4.17-4.23)
April 23 2023 10:38:25
On April 23rd, the benchmark price of propane in SunSirs was 5100.75 RMB/ton, a decrease of -5.25% compared to the beginning of this month (5383.25 RMB/ton).
Recently, the propane market has been strong in the south and weak in the north, with a slight downward adjustment being the main trend in the Shandong region. Due to the low prices at ports in the northern region, spot prices on site have been suppressed. At the same time, international oil prices have fallen this week, with insufficient news support. On site purchases and sales are relatively light, with primary demand for goods. Upstream inventory pressure is increasing, and prices are flexibly adjusted. Overall, under the impact of low import prices, demand support is weak, and it is expected that there is still room for a downward adjustment in the Shandong propane market in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-30 SunSirs: The Propane Market Saw a Slight Increase in April
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- 2024-04-15 SunSirs: The Propane Market Saw a Slight Increase This Week (April 8-12)
- 2024-04-08 SunSirs: High Inventory, Propane Was Falling under Pressure
- 2024-04-01 SunSirs: The Propane Market Was Weakly Declined in March
