In November, the domestic propane market rose in shock, while the Shandong propane market rose in difficulty. According to the data monitoring of the business community, the average price of Shandong propane market was 5670 yuan/ton on November 1, and 5795 yuan/ton on November 25. The monthly increase was 2.19%, down 3.594% compared with the same period last year.
| Thiourea |
As of November 25, the mainstream prices of propane in different regions in China are as follows:
Region/November 25
South China/5650-5750 yuan/ton
North China/5880-9800 yuan/ton
Shandong/5700-5850 yuan/ton
Northeast China/5700-5800 yuan/ton
In November, the domestic propane market rose as a whole. The Shandong propane market rose significantly in the first ten days of the year, and then began to fluctuate and decline to the end of the month. At the beginning of the month, the CP price rose in November, which boosted the confidence of the industry, superimposed the stock position in the market, and promoted the price rise by periodic replenishment in the downstream. As of November 9, the price of propane had risen to 5832 yuan/ton, up 2.85% from the beginning of the month. Subsequently, the price of crude oil fell for many times, which depressed the mentality of the operators. At the same time, affected by poor transportation, high temperature and other negative factors, the enterprises gave up profits and sold goods, and the market fell at the end of the month.
Saudi Aramco introduced CP in November 2022, and propane was 610 dollars/ton, up 20 dollars/ton from last month; Butane is 610 dollars/ton, up 50 dollars/ton from last month..
In general, the cost side support is weak, and the demand is squeezed due to various influences. It is expected that the propane market price will be weak in December, or it will be dominated by shocks.
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