In October, the domestic propane market trend was relatively strong, and Shandong propane market rose first and then declined, with an overall increase. According to the data monitoring of the business community, the average price of Shandong propane market was 5578.25 yuan/ton on October 1 and 5645.75 yuan/ton on October 26, with a monthly increase of 1.21% and a year-on-year decrease of 15.24%.

As of October 26, the mainstream prices of propane in different regions in China are as follows:

Region., October 26

In South China, 5450-5550 yuan/ton

North China, 5750-5800 yuan/ton

Shandong, 5650-5730 yuan/ton

Northeast China, 5700-5850 yuan/ton

In October, the trend of domestic propane market was relatively firm, and the ex factory price of Shandong propane market rose first and then fell. After the National Day holiday, the domestic propane market was driven by the rise of international crude oil during the holiday, ushering in a wave of growth. In addition, there was a certain demand for replenishment in the downstream after the holiday. The enthusiasm for entering the market was good, the manufacturers had a firm attitude, and the price increased widely. Subsequently, with the decline of international crude oil, the market mentality was affected. The downstream was cautious, and the delisting consumed inventory. The market trading atmosphere was weaker than in the early stage, and the propane market price fell back. However, in October as a whole, Shandong’s propane market rose more than its decline.

Saudi Aramco announced in October 2022 that both propane and butane fell. Propane was 590 dollars/ton, down 60 dollars/ton from last month; Butane was 560 dollars/ton, down 70 dollars/ton from last month.

On the 27th, near the end of the month, supported by the cost side, the international crude oil rose by 3% on a single day, bringing obvious benefits to the market, and the Shandong propane market stopped falling and rising. In addition, November is coming. With the cooling weather and the arrival of the fuel market peak season, the terminal demand is expected to continue to grow. It is expected that the propane market price will be firm in November, or shake the host.