1、 Price trend

This week, propane Market showed a trend of first pushing up and then falling back. At the beginning of the week, the average price of propane market was 3237.50 yuan / ton, and at the end of the week, the average price was 3242.50 yuan / ton, up 0.15% in the week, 30.94% lower than the same period last year.

2、 Analysis of influencing factors

Product: the domestic propane Market Transaction atmosphere this week is average. As of May 9, Shandong Dongming Petrochemical Co., Ltd. stopped using propane for its own use, and Shandong Haiyou Petrochemical Group Co., Ltd. had no propane in stock, so the price was not offered temporarily. The ex factory price of propane of Tianjin Bohai Chemical Group supply and marketing company is 3150 yuan / ton, that of Shandong Dongying Hualian Petrochemical Co., Ltd. is 3100 yuan / ton, that of Shandong HSBC Petrochemical Co., Ltd. is 3220 yuan / ton, that of Shandong Hengyuan Petrochemical Co., Ltd. is 3350 yuan / ton, that of Shandong Binzhou Dayou group is 3250 yuan / ton, and that of Sinopec Qingdao refining Co., Ltd The factory price of propane is 3300 yuan / ton.

Market: after the May Day holiday, the international oil price rose, driving liquefied gas up one after another, boosting the propane Market. In May, CP rose, which was positive. There is a demand for replenishment in the lower reaches, and the market entry is more active. The price of refineries has significantly pushed up. However, in the later part of the week, the international crude oil declined, the downstream delisting consumed inventory, and the overall transaction atmosphere of the market was obviously weakened, and the price was lower.

International market: Saudi Aramco may CP announced that propylene butane all rose sharply. Propane rose to $340 / T, up $110 / T from last month; butane rose $340 / T, up $140 / T from last month.

Industry: according to the price monitoring of the business association, in the 18th week of 2020 (5.4-5.8), there are 37 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 17 kinds of commodities with an increase of more than 5%, accounting for 19.1% of the number of commodities monitored in the sector; the top three commodities are trichloromethane (17.86%), crude benzene (14.59%) and phenol (11.04%). There are 29 kinds of commodities falling on a month on month basis, 8 kinds of commodities falling by more than 5%, accounting for 9% of the number of commodities monitored in the sector; the top 3 products falling are R22 (- 10.10%), isopropanol (- 8.93%) and fluorite (- 6.83%). This week’s average was 0.97%.

3、 Future forecast

This week, the overall rise of international crude oil led to the rise of propane, and the terminal market was basically stable. However, with the gradual warming of the weather, the demand is expected to decrease, and it is expected to fall in the short term.