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SunSirs: After the Toliday, Propane Market Increased By More Than 7%, And the Price Exceeded 4800

April 15 2021 08:59:31     SunSirs (HU)

The end of the Tomb-sweeping Day holiday, Shandong propane market has been pushed up, the current average price of Shandong market has broken through 4800 RMB mark. According to the data monitoring of SunSirs, In April 6, the average price of propane in the market was 4505.75 RMB/ton, and on April 13, the average price was 4843.25 RMB/ton, with a rise rate of 7.49% after the holiday, and a 24.75% increase compared with the same period last year.

After the Qingming holiday, Shandong propane Market showed a continuous upward trend, with a sharp rise this time. During the period, the price increase ranged from 300-350 RMB / ton. According to the data monitoring of SunSirs, , the average market price of propane in Shandong in 2019 is 4527.50 RMB/ton; On April 13, 2020, the average market price of propane in Shandong was 3882.50 RMB/ton; On April 13 this year, the average market price of propane in Shandong was 4843.25 RMB/ton. Compared with the same period data, it can be seen that the propane market price is relatively high this year,

As of April 13, the mainstream price of propane in China by region is as follows:

Region

Specifications

On April 13

East China area

Propane,%(V/V) not less than :95

4380-4550 RMB/ton

North China area

Propane,%(V/V) not less than :95

4630-4700 RMB/ton

Shandong region

Propane,%(V/V) not less than :95

4750-4950 RMB/ton

South China area

Propane,%(V/V) not less than :95

4500-4550 RMB/ton

Central China area

Propane,%(V/V) not less than :95

4630-4796 RMB/ton

The rise of the Shandong market is mainly supported by the low supply in the market. In April, the market began to be repaired one after another, and the market supply was reduced, which significantly supported the market. The second is April 8 international crude oil rose to the market to bring good. In addition, after the holiday, the downstream stock replenishment demand, the market is more positive, the market transaction atmosphere is good, the upstream inventory is low, the manufacturer's attitude is good, the price has been pushed up to a high level. At present, there are certain differences between the north and south of the domestic propane market, with the north rising strongly while the south market is relatively weak.

In terms of international market, Saudi Aramco announced in April that there was a downward trend in propane butane. Propane was 560 dollars/ton, down 65 dollars/ton compared with the previous month; butane was 530 dollars/ton, down 65 dollars/ton compared with the previous month.

April 13, a small rise in international crude oil to bring some support to the market, Shandong propane market is still steadily pushing up, although the range is narrower than a few days ago, but the market trading atmosphere is mild, the upstream liquefied gas market is also in the upward route. In general, the current price in the northern market has risen to a relatively high level, the price in the southern market is relatively low, and the inventory in the Shandong market is in a controllable state. But the negative factors are still there, the weather warming market demand is expected to decline, it is expected that the propane market price in the short term is relatively firm, sporadic rise, but in the long term there is still a possibility of decline.

 

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