In March, the domestic propane market fluctuated frequently, and the overall Shandong market showed a strong first and then weak trend. The decline in the month was greater than the increase, and the focus shifted downward. According to the data monitoring of business agency, the average price of propane in Shandong market was 6595.75 yuan / ton on March 1 and 6445.75 yuan / ton on March 30. The decline rate in the month was 2.27%, up 7.93% compared with the same period last year.

As of March 31, the mainstream prices of propane in different regions in China are as follows:

Region, March 31st

East China, 6450-6600 yuan / ton

North China, 6350-6550 yuan / ton

Shandong Province, 6350-6850 yuan / ton

Northeast China, 6200-6500 yuan / ton

In March, the domestic propane Market as a whole showed a trend from strong to weak. The decline of Shandong propane market was greater than the increase, and most of the prices fell back to 6500 yuan / ton at the end of the month. At the beginning of the month, driven by the sharp rise of CP price and the rise of international crude oil, Shandong propane market continued to climb to the highest point of 7688.25 yuan / ton in the month. In the middle of the month, the international crude oil fell weakly, the cost support was limited, and the market demand was weak, so the price fell sharply. At the end of the month, with the rebound of international crude oil prices and favorable market mentality, the price of propane in Shandong continued to rise. However, affected by the epidemic in many parts of China, insufficient demand significantly restrained the rising market, and the weak market ended in March.

Saudi Aramco announced in April 2022 that both propylene and butane increased. Propane was 940 USD / T, up 45 USD / T from the previous month; Butane is 960 US dollars / ton, up 40 US dollars / ton compared with the previous month.

On the whole, the return of international crude oil to the rising trend is good for the market mentality. In addition, the introduction of CP price in April and the rise of propylene and butane have brought some support to the domestic market. Affected by the epidemic in some areas, the shipment situation is still affected to a certain extent. At present, the South and North markets of propane are dominated by weakness. It is expected that the propane market may rise in the short term, but it is still possible to weaken in the long term.