In the middle of August, propane continued to rise, and the range was narrower than that in the first ten days. According to the data monitoring of the business agency, the average price of propane market was 3435.00 yuan / ton on August 10, and 3480.00 yuan / ton on August 18, with an increase of 1.31% during the period. The overall price rose steadily, rising by 3.88% compared with August 1.
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Regional standard enterprises rose and fell from August 10 to August 18
Shandong propane,% (V / V) not less than: 95 HSBC Petrochemical 3470 yuan / ton 3520 yuan / ton + 50
Shandong propane,% (V / V) not less than: 95 Hualian Petrochemical 3370 yuan / T, 3450 yuan / T + 80
Shandong propane,% (V / V) no less than: 95 Hengyuan Petrochemical Co., Ltd/
Shandong propane,% (V / V) not less than: 95 Haiyou petrochemical 3455 yuan / ton 3455 yuan / ton 0
Shandong propane,% (V / V) not less than: 95 Binzhou Dayou 3350 yuan / ton 3450 yuan / ton + 100 yuan
In the middle of August, the direction of propane price increase did not change, and continued to push up slightly. In the early stage, the international oil price rose slightly, and the US crude oil inventory decreased, which brought periodic support to the market. The strong price of LPG in civil market is also good for the market. Domestic propane production is still in a state of decline. Some refineries shut down for maintenance, market supply is reduced, and terminal demand is stable. Low supply is also one of the main reasons for propane upward. Downstream of the market bullish mentality is strong, one after another into the market replenishment, high enthusiasm. Upstream shipment is smooth, refinery inventory is mostly maintained at a low level, the mentality is relatively strong, and a small push up is given priority to. However, the current off-season factors still exist, and the terminal demand needs to be improved, which brings a certain constraint on the upward road of propane, and the market growth is limited.
At present, there are some differences among different regions of the domestic propane Market. Most of the northern market is strong and rising, while the southern market is more resistant to rising, with a downward trend and a relatively low price. As of August 18, the mainstream prices of propane in different regions in China are as follows:
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Regional specification August 18
Propane in East China,% (V / V) not less than: 953050-3350 yuan / ton
Propane in North China,% (V / V) not less than: 953400-3550 yuan / ton
Propane in Shandong area,% (V / V) not less than: 95 3350-3520 yuan / ton
Propane in South China,% (V / V) not less than: 953050-3100 yuan / ton
Propane in Central China,% (V / V) not less than: 953050-3460 yuan / ton
Propane in Northeast China,% (V / V) not less than: 953530-3800 yuan/
During the period of the downstream propylene market, it was stable and fell, which brought certain negative effects to the market. At present, the inventory pressure of propylene manufacturers is small, the crude oil price is volatile, the downstream market is mostly negative or not affected, and the overall market procurement is mainly on demand. In the early stage, the propylene market price has broken through the upper limit of the range, and the downstream support is obviously insufficient, so it is expected that the propylene price will decline.
The current rise in international crude oil, the main players in the upstream LPG civil market, and the expected rise of CP in September have all brought support to the market. But at present, the enthusiasm of downstream enterprises to enter the market has been reduced, and the atmosphere for manufacturers to ship goods is general. And affected by seasonal factors, terminal demand still needs to be improved, negative factors still exist, it is expected that the price or high consolidation in the near future.
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