In July, the overall propane Market showed a volatile upward trend, with frequent fluctuations in the month. Near the end of the month, propane fell. According to the data monitoring of business agency, the average price of propane in Shandong market was 4755.75 yuan / ton on July 23 and 4713.25 yuan / ton on July 26. The decline range on July 26 was 0.89%, an overall increase of 3.74% compared with July 1.

As of July 26, the mainstream prices of propane in different regions in China are as follows:

region Specifications July 26th

East China Propane,% (V / V) not less than 95 4550-4900 yuan / ton

North China Propane,% (V / V) not less than 95 4650-4830 yuan / ton

Shandong region Propane,% (V / V) not less than 95 4650-4770 yuan / ton

South China Propane,% (V / V) not less than 95 4600-4700 yuan / ton

Central China Propane,% (V / V) not less than 95 4520-4900 yuan / ton

In July, due to seasonal factors, the traditional off-season sales of propane came. However, since July, the propane Market as a whole has shown a volatile upward trend, and the off-season market is not light. There were many positive factors in the month, supporting the rise of price shocks. However, near the end of the month, Shandong propane market fell from a high level. On the 26th, the propane Market in Shandong decreased steadily, and the market transaction atmosphere was general. Due to weak downstream demand and multi-dimensional rigid demand procurement, it brought some restraint to the rising market. The northern market made a small profit and mainly delivered goods. The southern market mostly pushed up. The slight rise of international crude oil at the weekend and the expected upward trend of CP in August are good for the market mentality, but the market demand is still weak, and it is difficult to clinch a deal at a high price.

Saudi Aramco’s CP announced in July that both propylene and butane rose. Propane was 620 USD / T, an increase of 90 USD / t over the previous month; USD 620 / T butane, up from USD 95 / t last month.

On July 23, the international oil price closed up slightly. The settlement price of the main contract in the US WTI crude oil futures market was US $72.07/barrel, an increase of US $0.16 or 0.2%, and the settlement price of the main contract in the Brent crude oil futures market was US $74.10/barrel, an increase of US $0.31 or 0.4%. Oil prices rose for four consecutive trading days, mainly due to the rising expectation of tight supply in the market in the future. Traders believe that the previous concerns about demand have been exaggerated. It is generally believed that the demand growth will exceed the new supply for a period of time at the end of the year.

Due to the influence of seasonal factors, the overall demand of the downstream is weak, and multi-dimensional holding makes up on demand, which brings some restraint to the rising market. At present, there are differences in the market trend between the north and the south, with the North falling and the South rising, but on the whole, the fluctuation range is limited and the price is relatively strong. The slight rise of international crude oil and the expected rise of CP price in August have brought some support to the market. It is expected that the price of propane market will remain strong in the short term, dominated by horizontal adjustment.