After the May Day holiday, the domestic propane market first rose and then declined, with limited fluctuation range, and the price focus of Shandong market moved up slightly. According to the data monitoring of business agency, the average price of propane in Shandong market was 6520.75 yuan / ton on May 1 and 6578.25 yuan / ton on May 7, with an increase of 0.88% and 48.05% compared with the same period last year.

As of May 7, the mainstream prices of propane in different regions in China are as follows:

Region, May 7th

South China, 6600-6700 yuan / ton

North China, 6500-6650 yuan / ton

Shandong Province, 6550-6610 yuan / ton

Northeast China, 6300-6600 yuan / ton

After the May Day holiday, the domestic propane market developed first and then restrained. The price of Shandong market was mainly sorted out, and the fluctuation range was limited. During the holidays, due to the positive rise of international crude oil, the propane market increased. After the festival, the market was bearish and the price weakened. In May, CP prices were introduced, and both propylene and butane fell sharply, bringing bad news to the domestic market. In addition, the current terminal demand is limited, and the downstream market entry enthusiasm is limited. The supply side is relatively sufficient, which brings some restraint to the market.

Saudi Aramco announced in May 2022 that both propylene and butane fell. Propane was 850 USD / T, down 90 USD / T from the previous month; Butane is 860 US dollars / ton, down 100 US dollars / ton compared with the previous month.

At present, the international crude oil price has been rising continuously, which has brought some positive support to the cost side. The market prices in the north and South are relatively strong, and most of them are sideways. However, the domestic market supply is relatively sufficient, the demand has not improved significantly, and the market negative factors are more obvious. It is expected that the price of propane market may weaken in the short term.