The domestic propane market price rebounded slightly this week, but then returned to the decline channel. According to the data monitoring of business agency, the average price of propane in Shandong market was 5605.75 yuan / ton on December 5 and 5455.75 yuan / ton on December 10. The decline rate during the week was 2.68%, down 5.46% compared with December 1.

As of December 10, the mainstream prices of propane in different regions in China are as follows:

region December 10th

East China 5500-5650 yuan / ton

North China 5400-5500 yuan / ton

Shandong region 5400-5500 yuan / ton

Northeast China 5500-5600 yuan / ton

This week, Shandong propane Market as a whole showed a down up down market. The price rebounded slightly in the middle of the week, but the market was blocked. Then the price returned to weakness again, mainly downward. At the beginning of the week, the price of Shandong propane market continued to fall, and then, boosted by the continuous sharp rise of international crude oil, Shandong propane Market followed the upward trend, and the price rebounded. However, at the end of the week, the international crude oil profit was not good, the terminal demand was limited, and the overall supply of the market was sufficient, which significantly restrained the rising market. In addition, the impact of the epidemic situation in some southern regions during the week brought some bad news to the market. The propane Market returned to weakness and the price was reduced by a narrow margin.

Saudi Aramco announced in December 2021 that both propylene and butane fell. Propane was 790 USD / T, down 80 USD / T from the previous month; Butane was 770 USD / T, down 60 USD / T from the previous month.

At present, the north and South markets are mainly weak. The decline in the north market is greater than that in the south market. The supply in Shandong is relatively sufficient, but there is no significant improvement in demand. The downstream has limited ability to accept high prices and mainly enters the market on bargain hunting. In addition, the international crude oil week is down in the late stage, and the market is not well supported. It is expected that the propane market will continue to weaken in the short term.