1、 Price trend
In April, the domestic propane market rose and fell sharply, showing an overall “V” trend. At the beginning of the month, the average price of propane market was 2762.5 yuan / ton, and at the end of the month, the average price was 3237.5 yuan / ton, with an increase of 17.19% in the month. Compared with the same period last year, the price fell by 22.87%, and the earthquake amplitude in April was 40.54%.
2、 Market situation
| Thiourea |
Price: in April, the trading atmosphere of propane market was general, and the price rose. As of April 30, Shandong Dongming Petrochemical Co., Ltd. and Shandong Haiyou Petrochemical Co., Ltd. have no propane in stock, so they will not offer. The ex factory price of propane of Tianjin Bohai Chemical Group supply and marketing company is 3200 yuan / ton, that of Shandong HSBC Petrochemical Co., Ltd. is 3300 yuan / ton, that of Shandong Hengyuan Petrochemical Co., Ltd. is 3350 yuan / ton, that of Shandong Binzhou Dayou group is 3250 yuan / ton, and that of Sinopec Qingdao refining and Chemical Co., Ltd. is 3150 yuan / ton.
Market: at the beginning of the month, propane prices rose steadily. Before and after the Qingming holiday, propane rose significantly in Shandong, and the overall trading atmosphere of the market improved. Moreover, the continuous rise of international crude oil drives the market atmosphere, and the downstream bullish mentality is obvious. In addition, there is a demand for replenishment after the festival, so the market atmosphere is more positive. The manufacturer’s shipment is smooth, the inventory is low, and the price continuously pushes up. At present, the terminal market has returned to normal, and the market demand has increased, which has also brought certain benefits. From April 12 to 14, polypropylene led propylene to soar. As the upstream of propylene, propane prices also rose sharply during the period. On April 12, some enterprises in propane (Shandong) market rose 1000 yuan / ton per day, setting a new record of the highest increase in recent years. However, the rise lacks fundamental support, which means that “a big rise will be accompanied by a big fall”. After April 14, the market ushered in a rational callback, and the price fell back broadly. The market is like a roller coaster. At the end of the month, after a big rise and fall, the market returned to normal. The continuous low price of liquefied gas has suppressed propane, but crude oil rose at the end of the month, and the introduction of CP in May has brought benefits to the market, and the overall price of propane shows a trend of fluctuation.
International crude oil: the broad decline of international crude oil this month has restrained the market. On April 9, the OPEC + special meeting ended, and its production reduction volume was lower than the market expectation, and the oil price fell again; on April 14, the international oil price fell again, mainly because OPEC + and other oil producing countries’ production reduction agreement disappointed the market, the production reduction share was difficult to offset the decline of fuel demand caused by the new crown epidemic, and the U.S. crude oil inventory exceeded the expectation, which increased the market panic atmosphere; on April 20 On April 23, the WTI crude oil futures market in the U.S. rebounded and its price rose for two consecutive days. The Brent crude oil futures market continued to decline and its price fell sharply. In May, the contract fell to a negative range, but in June, the negative value was the exception, not the normal state of the global crude oil market. Until April 23, the WTI crude oil futures market in the U.S. rebounded and its price rose for two consecutive days. The Brent crude oil futures market rose sharply, which is also the international crude oil company WTI rose more than 40% in the following two days, mainly due to the accelerated production reduction of oil producing countries and the geopolitical turmoil of peripheral factors.
International market: Saudi Aramco may CP announced that propylene butane all rose sharply. Propane rose to $340 / T, up $110 / T from last month; butane rose $340 / T, up $140 / T from last month.
3、 Future forecast
Before the May 1st Festival, the manufacturer has the operation of warehouse arrangement and replenishment before the downstream Festival. The market atmosphere is good and the inventory pressure of the manufacturer is reduced. International crude oil rose, and CP rose sharply in May, which brought certain positive effects to the market. However, after May 1, the temperature gradually rises, and propane will usher in the traditional demand off-season. It is expected that the propane market will rise first and then fall in May.
| http://www.lubonchem.com/ |