In the middle of January, propane market continued to rise, mainly in price, which was narrower than that at the beginning of the month. According to the data monitoring of business news agency, the average market price of propane was 5062.50 yuan / ton on January 10 and 5262.50 yuan / ton on January 15, up 3.95% in the week and 26.58% compared with January 1. As of January 15, the market prices of propane in China are as follows:
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15 Jan 2005
Propane in East China,% (V / V) not less than: 95 5200-5250 yuan / ton
In North China,% (V / V) is not less than: 95 4800-5250 yuan / ton
In Shandong Province,% (V / V) propane is not less than 95 5100-5400 yuan / ton
Propane in Central China,% (V / V) not less than: 95 5050-5200 yuan / ton
In the middle of January, the center of gravity of propane market continued to move up. Although the increase rate was lower than that at the beginning of this month, the average price of Shandong market has exceeded 5000 yuan / ton, and the factory price has been increased slightly in a row within a week. The market transaction atmosphere is good. The main factors supporting the continued price rise this week are as follows: firstly, the positive effect brought by the sharp rise of CP in January on the market still exists, and the cost of imported gas is high. Secondly, the international crude oil market is volatile, and the news is favorable to the market mentality. The downstream market is more active, and the manufacturers ship smoothly. The northern market was driven by the favorable situation, and the prices were continuously raised in the week; the southern market was relatively weak, and the market was mostly stable, and the upper middle class was the main market.
In January, Saudi Aramco CP announced that there were all increases in propane and butane. Propane was US $550 / T, up US $100 / T from last month; butane was US $530 / T, up US $70 / T from last month.
At present, the weather is colder, the demand of terminal market is better, the downstream market is more active in replenishment, and the high cost of inlet gas has brought some support to the market. However, the price of propane market rises too fast in January, the downstream acceptance capacity is limited, and the mentality is cautious. On Friday, some manufacturers’ prices weakened, and it is expected that there will be insufficient power to continue to rise in the short term, or there may be a small drop.
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