In July, the focus of the domestic propane market still shifted downward, and the propane price in Shandong market rose first and then fell. According to the monitoring data of business agency, the average price of propane in Shandong market was 6025.75 yuan / ton on July 1, and 5760.75 yuan / ton on July 27. The decline rate in July was 4.40%, an increase of 23.07% over the same period last year.

As of July 27, the mainstream prices of propane in different regions in China are as follows:

Region, July 27

South China. 5520-5620 yuan / ton

In North China, 5650-5900 yuan / ton

Shandong Province, 5700-5820 yuan / ton

Northeast China, 5800-6000 yuan / ton

In July, the domestic propane Market as a whole was still weak. The price of Shandong propane market was relatively strong in the first half of the month, and the price increased by a narrow range. In the second half of the month, the price fell significantly. In the first half of the month, the price of CP was introduced in July, and the decline of propylene butane was less than expected, which brought relative support to the domestic market. The international crude oil market price has increased, and the cost is good for the market mentality. Propane prices are relatively strong. In the second half of the month, the international crude oil fluctuated downward, bringing some bad news to the market. In addition, the demand is still weak, the downstream market entry enthusiasm is not high, and the market trading atmosphere is limited. Shandong has sufficient market supply, and the factory quotation has been continuously reduced to stimulate the downstream to enter the market and alleviate the inventory pressure.

Saudi Aramco announced in July 2022 that both propylene and butane fell. Propane was $725 / ton, down $25 / ton from the previous month; Butane was $725 / ton, down $25 / ton from the previous month.

At present, the market price of propane in Shandong is weak, and the quotation is mostly around 5800 yuan / ton. The market supply is relatively abundant, but the terminal demand is relatively limited, and the market trading is weak. In addition, the trend of the international crude oil market was mainly downward at the end of the month, while the propane market was good and the support was insufficient, and the price followed the downward trend. It is expected that the propane market may still have room for decline in August.