This week, the domestic Shandong propane market experienced a volatile decline. According to the commodity market analysis system of Business Society, the average price of propane in Shandong Province was 5545 yuan/ton on December 11th, and 5520 yuan/ton on December 15th. The weekly decline was 0.45%, a decrease of 0.89% compared to the same period last year.
As of December 15th, the mainstream prices of propane in different regions of China are as follows:
Region/ December 15th
East China region/ 5250-5400 yuan/ton
North China region/ 5400-5500 yuan/ton
Shandong region/ 5300-5400 yuan/ton
Northeast region/ 5350-5500 yuan/ton
This week (12.11-12.15), the propane market in Shandong experienced a weak downward trend and a sluggish market atmosphere. Due to the recent sluggish trend of propane, upstream inventory pressure has increased, leading to price reductions and inventory clearance. In the atmosphere of downstream buying up but not falling, demand growth is limited, and prices continue to decline.
Saudi Aramco announced its CP in November 2023, with propane at $610 per ton, an increase of $10 per ton compared to the previous month; Butane costs $620 per ton, an increase of $5 per ton compared to the previous month.
Overall, the northern market is affected by heavy snowfall, with some areas experiencing poor transportation, further suppressing demand. It is expected that the possibility of a downturn in the propane market consolidation will increase.
| http://www.sulfamic-acid.com |