At the beginning of June, the domestic propane market price was mainly adjusted in a narrow range, while the market price in Shandong was first low and then high, with the increase greater than the decrease. According to the monitoring data of business agency, the average price of propane in Shandong market was 6445.75 yuan / ton on June 1, and 6468.25 yuan / ton on June 7. During this period, the increase rate was 0.35%, an increase of 51.81% compared with the same period last year.

As of June 7, the mainstream prices of propane in different regions in China are as follows:

Region, June 7th

South China, 61000-6200 yuan / ton

North China, 6400-6500 yuan / ton

Shandong region, 6400-6520 yuan / ton

Northeast China, 6400-6600 yuan / ton

In June, the domestic propane market trend was relatively strong, and the price was adjusted in a narrow range. The price of propane in Shandong market fell before the Dragon Boat Festival, and rose after the festival. The overall focus moved up, but the fluctuation range was limited. At the end of the month, with the introduction of CP prices in June, both propane and butane fell sharply, bringing some bad news to the domestic market. The propane market price was mainly weak. After the festival, the high international crude oil price brought obvious support to the market. In addition, the manufacturer’s inventory was temporarily controllable, the mentality was relatively firm, and the price rose slightly. However, due to the influence of off-season factors, the terminal demand is limited, which brings obvious restraint to the market.

Saudi Aramco announced in June 2022 that both propylene and butane fell. Propane was 750 dollars / ton, down 100 dollars / ton compared with the previous month; Butane is 750 dollars / ton, down 110 dollars / ton compared with the previous month.

At present, the international crude oil price is high, and the cost has brought obvious support to the propane Market. There is little pressure on the supply side of Shandong market, but the demand side is weak, the downstream market entry enthusiasm is limited, and the market trading atmosphere is weak. It is expected that the propane market price will continue to consolidate sideways in the short term.