In early August, the overall domestic propane market rose first and then consolidated. The average price of propane in Shandong is expected to rise to 5000 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 4748.25 yuan / ton on August 1 and 4900.75 yuan / ton on August 6. At the beginning of the month, the overall increase was 3.21% and the maximum amplitude was 4.42%.

As of August 6, the mainstream prices of propane in different regions in China are as follows:

region Specifications August 6th

East China Propane,% (V / V) not less than 95 4800-4950 yuan / ton

North China Propane,% (V / V) not less than 95 4850-4900 yuan / ton

Shandong region Propane,% (V / V) not less than 95 4830-4920 yuan / ton

South China Propane,% (V / V) not less than 95 4720-4850 yuan / ton

Central China Propane,% (V / V) not less than 95 4980-5200 yuan / ton

In August, the domestic propane market continued the rising trend in July and continued to be dominant as a whole. In the first week of August, the propane market rose first and then consolidated. At the beginning of the week, there were many positive factors in the propane Market, and the price ushered in a significant increase. When CP was introduced in August, both propylene and butane increased and exceeded expectations. The high import cost brought major support to the domestic market. In addition, the market supply decreased, and the prices of ports and refineries increased. However, in the late part of the week, the propane market was not strong enough, and the price fell back. International crude oil rose first and then fell this week. The news is bad market mentality. In addition, the weather in August is hot. The propane market is affected by seasonal factors and the terminal demand is weak, which has significantly restrained the market. Most domestic regions made certain adjustments according to the shipment situation. In the later part of the week, the northern market decreased slightly, and the southern market mostly delivered steadily.

Saudi Aramco announced in August that both propylene and butane rose. Propane was 660 USD / T, up 40 USD / T from the previous month; Butane is 655 USD / T, up 35 USD / T compared with the previous month.

At present, the market is empty and intertwined. The rebound of international crude oil on August 5 has given a certain boost to the market, and the port price is high. However, due to the weak terminal demand, there is no significant improvement, which has restrained the rising market. The northern market was adjusted in a narrow range, while the southern market was dominated by stable shipments. It is expected that there will be a slight rise in the propane Market in the later stage. Specifically, we still need to pay attention to the trend of international crude oil.