In August, the domestic propane market price was relatively strong, and the Shandong market fell first and then rose, with the focus shifted upward. According to the data monitoring of business agency, the average price of propane in Shandong market was 5800.75 yuan / ton on August 1 and 6003 on August 31. 25 yuan / ton, with an increase of 3.49% in the month and 20.53% compared with the same period last year.

As of August 31, the mainstream prices of propane in different regions in China are as follows:

Region. August 31

South China, 5500-5700 yuan / ton

North China, 5900-6000 yuan / ton

Shandong Province, 5900-6100 yuan / ton

Northeast China, 5800-5950 yuan / ton

In August, the domestic propane market trend was strong. In the first half of the month, the propane Market in Shandong was reduced by a narrow margin. In the second half of the month, the price rose, and the average price at the end of the month rose to above 6000 yuan / ton. In the first half of the month, the CP was introduced in August, and both propylene and butane were reduced. Moreover, the international crude oil market trend was weak, and the price continued to decline. The cost brought some bad news to the market. In terms of demand, the traditional off-season has not passed, and the demand is still relatively weak. The market trading atmosphere is general, and the price is narrow. In the second half of the month, the propane Market in Shandong was significantly higher, and some areas were cooled down. The demand was improved compared with the previous period, and the market transaction atmosphere was improved. Moreover, the international crude oil rose sharply on the 29th, and the cost boosted the propane price to above 6000 yuan / ton.

In August 2022, Saudi Aramco announced that both propylene and butane fell. Propane was US $670 / T, down US $55 / T from the previous month; Butane is 660 US dollars / ton, down 65 US dollars / ton from last month.

At present, the overall trend of the propane Market in Shandong is relatively strong, and most of the quotations have risen above 6000 yuan / ton. In the second half of the month, the market demand improved, and most of the upstream inventory was under control. The manufacturer’s mentality was relatively firm, and the demand in the later period was still expected to improve. It is expected that the propane market may still rise in September.