Entering this week, with the rebound of international crude oil, the propane Market followed the rise. According to the data monitoring of business agency, the average price of propane in Shandong market was 4900.75 yuan / ton on August 22 and 5025.75 yuan / ton on August 25. The three-day increase was 2.55%, an increase of 5.84% compared with August 1.

As of August 25, the mainstream prices of propane in different regions in China are as follows:

region Specifications August 25th

East China Propane,% (V / V) not less than 95 4700-4950 yuan / ton

North China Propane,% (V / V) not less than 95 4850-5200 yuan / ton

Shandong region Propane,% (V / V) not less than 95 4850-5170 yuan / ton

South China Propane,% (V / V) not less than 95 4830-4930 yuan / ton

Central China Propane,% (V / V) not less than 95 4950-5230 yuan / ton

In this week, there were obvious positive factors in the market, the domestic propane market rose sharply, and the increase in Shandong was obvious. The international crude oil price has risen sharply in a row, which has significantly boosted the market. The transaction atmosphere in Shandong is OK, coupled with the high support of the port, the price has increased for three consecutive days, and most of the ex factory prices have risen back above 5000 yuan / ton. However, due to the influence of seasonal factors, the off-season has not passed, and the overall terminal demand is weak, which has brought some restraint to the rising market.

In the international crude oil market, on August 24, the international oil price continued to rise, with a strong increase. The settlement price of the main contract in the US WTI crude oil futures market was US $67.54/barrel, up US $1.90 or 2.90%, and the settlement price of the main contract in the Brent crude oil futures market was US $71.05/barrel, up US $2.30 or 3.40%. On the news side, a fire on an oil platform in Mexico led to the interruption of large-scale production. In addition, according to the data of the American Petroleum Association (API), the inventory of crude oil and refined oil in the United States decreased last week. After superimposing the peak of the epidemic in China, demand continued to recover, boosting market confidence.

Saudi Aramco announced in August that both propylene and butane rose. Propane was 660 USD / T, up 40 USD / T from the previous month; Butane is 655 USD / T, up 35 USD / T compared with the previous month.

The continuous sharp rise of international crude oil has significantly boosted the market, and the domestic propane markets in the South and North have increased to varying degrees. However, due to the off-season, the terminal demand has not increased significantly. With the rising price, the resistance in the downstream has increased, the mentality is cautious, and the market transaction atmosphere is weaker than that at the beginning of the week. It is expected that the propane market will increase steadily in the short term, and it is unlikely to rise sharply. Specifically, we still need to pay attention to the trend of international crude oil.