In mid January, the rebound of domestic propane market was blocked, and the price fell again. The market price of propane in Shandong fell to 5700 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 5995.75 yuan / ton on January 12 and 5773.25 yuan / ton on January 18. The decline rate during the week was 3.71%, down 0.13% compared with January 1.

As of January 18, the mainstream prices of propane in different regions in China are as follows:

region January 18th

East China 5700-6000 yuan / ton

North China 5700-5800 yuan / ton

Shandong region 5700-5830 yuan / ton

Northeast China 5900-6050 yuan / ton

In the middle of January, the domestic propane market was mainly weak, the Shandong market fell significantly, and the price fell back to 5700 yuan / ton. Although international crude oil rose during the week, it brought limited support to the market. There is a certain deviation in the market trend of the north and south. In the early stage, the market in Shandong decreased significantly, the demand in the terminal market was limited, the downstream market was generally enthusiastic, more rigid procurement was needed, the market was lack of obvious benefits, the trading atmosphere was weak, the manufacturers mainly sold goods one after another, and the price was down. Until the 18th, with the continuous rise of international crude oil, the propane Market stopped falling and the price rose steadily, but the overall increase is still limited.

Saudi Aramco announced in January 2022 that both propylene and butane fell. Propane was 740 USD / T, down 55 USD / T from the previous month; Butane is 710 USD / T, down 40 USD / T compared with the previous month.

At present, the horizontal adjustment of the South and North markets is dominated. Near the Spring Festival, there is a certain replenishment demand in the downstream, the enthusiasm for entering the market has improved, and the market trading atmosphere is mild. In addition, the rise of international crude oil has brought some support to the market. It is expected that the price of propane market will be strong in the short term, but it is still possible to weaken in the long term.