In June, the domestic propane Market as a whole showed a fluctuating upward trend, which was first low and then high in the month, and rose significantly in the second half of the month. According to the data monitoring of business news agency, the average price of propane in Shandong was 4305.75 yuan / ton on June 1 and 4458.25 yuan / ton on June 30, with an increase of 3.54% in June, up 52.29% compared with the same period last year.

In June, with the arrival of the traditional off-season, the overall trend of propane market was weak. At the beginning of June, with the introduction of CP price in June, the price of propane butane increased significantly. The high import cost supported the upstream mentality, and the price increased slightly. However, due to the lack of favorable support and weak terminal demand in the later period, the price rise did not continue and the overall price fell. On September 9, propane Market returned to the upward route again within the month, and the international crude oil push up brought obvious support to the market. The northern market was benefited by this, the atmosphere of downstream market entry was improved, the manufacturer’s shipment was improved, the inventory was released, and the price was stable and upward. The transaction atmosphere of southern market is flat, and most of them are stable in shipment.

In the second half of the month, the positive factors increased, the propane market rose significantly, the international crude oil market continued to rise, and the news was positive. In addition, there was a certain demand for replenishment in the downstream after the festival, and the high cost of imported gas also brought obvious support to the market. Under multiple positive factors, the manufacturers’ mentality was strong, and the main trend was to adjust the price.

Saudi Aramco CP announced in July that propane and butane all rose. Propane was 620 US dollars / ton, up 90 US dollars / ton from last month; Butane is 620 US dollars / ton, up 95 US dollars / ton from last month.

At the end of July, the price of CP was released, and the price of propane and butane rose sharply. The high import cost brought obvious support to the domestic market. In addition, the international crude oil market was dominated by market favorable factors, and the price continued to rise. However, due to the influence of seasonal factors, the current propane market demand is weak, which brings a certain constraint to the rising market. It is expected that the propane market will fluctuate in July.