This week, the domestic propane market was obviously bearish, and the focus continued to move down. According to the data monitoring of business agency, the average price of propane in Shandong market was 5455.75 yuan / ton on December 12 and 5345.75 yuan / ton on December 20. The decline rate during the week was 2.02%, down 7.41% compared with December 1.

As of December 20, the mainstream prices of propane in different regions in China are as follows:

region December 20th

East China 5400-5480 yuan / ton

North China 5350-5500 yuan / ton

Shandong region 5250-5420 yuan / ton

Northeast China 5300-5500 yuan / ton

This week, Shandong propane market is still dominated by the following behaviors as a whole. The trend of the South and North markets is weak, and the reduction range of Shandong propane market is 50-250 yuan / ton within the week. There are many negative factors in the market. The supply of Shandong market is relatively sufficient, but the overall demand is limited. The downstream mentality is cautious and makes up more on demand. The market trading atmosphere is general. In addition, the volatility of international crude oil trend has brought Limited benefits to the market, the refinery mentality is general, and the price is reduced.

Saudi Aramco announced in December 2021 that both propylene and butane fell. Propane was 790 USD / T, down 80 USD / T from the previous month; Butane was 770 USD / T, down 60 USD / T from the previous month.

At present, the international crude oil is mainly downward, and the news is bad. In terms of demand, the supply of propane Market in Shandong is relatively sufficient, the improvement of terminal demand is limited, the downstream market entry enthusiasm is general, the mentality is cautious, and the overall trading atmosphere of the market is weak. It is expected that the situation of supply exceeding demand in the propane market is difficult to change in the short term, or oscillates in a narrow range, dominated by weakness.