In April, propane market was first promoted and then suppressed, and the overall decline was achieved. According to the data of business society, the average price of propane market was 4515.75 yuan / ton on April 1, and that of April 30 was 4413.25 yuan / ton, while the overall decline in April was 2.27%, up 10.89% compared with March 1.
As of April 30, the main prices of propane in domestic sub region are as follows:
region Specifications April 30th
East China Propane,% (v/v) not less than 95 4100-4300 yuan / ton
North China Propane,% (v/v) not less than 95 4450-4550 yuan / ton
Shandong Province Propane,% (v/v) not less than 95 4300-4600 yuan / ton
South China Propane,% (v/v) not less than 95 4150-4200 yuan / ton
Central China Propane,% (v/v) not less than 95 4500-4600 yuan / ton
In April, the propane Market in Shandong Province is divided into two stages: the first half and the second half, first of all, the first half. In the first half of the month, the propane market continued to rise, with prices exceeding 4800 yuan. After the Qing Ming holiday, propane Market in Shandong Province has been on a continuous upward trend, and the main positive results are from low supply of support. In April, the market began to overhaul successively, and the market supply decreased, which brought obvious support to the market. Secondly, the international crude oil surge brought obvious positive effects to the market. After the holiday, there is a certain demand for replenishment in the downstream, which is more active in the market, the market transaction atmosphere is good, the upstream inventory is low, the manufacturer’s mentality is good, and the price is pushed to a high level.
But in the next half of the month, it began to go down all the way, which was in contrast to the trend of the continuous rise in the first half of the month. In the next half of the month, the market of the South and North was down, but the decline in the north market was more obvious than that of the southern market. The main reasons for the decline are as follows: first, the refinery was forced to cut prices due to the impact of the low port price in East China market. Secondly, the international crude oil has been falling from the 18th, which has weak support for the market. Finally, in terms of demand, because the overall demand of domestic market is at a weak level, in the case of sufficient supply side, downstream multi maintenance stage replenishment, refinery delivery is general, inventory continues to accumulate, leading to the price successive weak down.
Saudi Aramco announced in May that the butane was down. Propane is 495 USD / T, which is adjusted to 65 US dollars / ton compared with the previous month; Butane was $475 / T, down $55 / T from last month.
At present, the price of propane Market in Shandong has fallen back to less than 4500 yuan / ton. At the end of the month, with the price of CP falling in May, the cost of imported gas has brought negative factors to the market. In terms of demand, market demand is at a weak level, and downstream procurement is mainly on demand. In the later period, with the increase of temperature, demand still has weak expectations. However, after May 1 holiday, there is replenishment operation in the downstream. It is expected that the price of propane market may rise slightly in the short term, but it may still decline in the long term.
| PVA |