In November, the overall trend of propane market was weak, with frequent fluctuations in the month. The price rose and fell, and the market was more tortuous. According to the data monitoring of the business agency, the average price of propane Market on November 1 was 3845.00 yuan / ton, and that on November 30 was 3800.00 yuan / ton, with a decrease of 1.17% in the month and a decrease of 6.35% compared with the same period last year.
According to the annual comparison chart of business associations, it is found that in recent years, the price of propane Market in the same period has reached more than 4000 yuan / ton, but the price of propane market this year (2020) is lower than that of previous years. In November, the propane Market, which should have been in the peak demand season, did not rise as scheduled. In November this year, Shandong propane market only continued the silver ten rising trend at the beginning of the month. On the 12th, the market began to fall, and the price dropped successively. Near the end of the month, the 23-25 market only rebounded once, but the rebound was blocked, and finally fell to the end of November.
As of November 30, the mainstream prices of propane in different regions in China are as follows:
Regional specification November 30
Propane in East China,% (V / V) not less than: 953630-3700 yuan / ton
Propane in North China,% (V / V) not less than: 95 3750-3830 yuan / ton
Propane in Shandong area,% (V / V) not less than: 95 3750-3955 yuan / ton
Propane in South China,% (V / V) not less than: 953500-3600 yuan / ton
Propane in Central China,% (V / V) not less than: 953800-3830 yuan / ton
At the beginning of the month, there were many positive factors in the market, which supported the continued rise of propane. In terms of the international market, international crude oil rose for three consecutive times, and the US crude oil inventory decreased significantly. The news was favorable to the market mentality. In addition, with the introduction of CP price in November, both propylene and butane rose sharply, bringing obvious support to the market, and the manufacturers continuously raised the ex factory prices. The average price in Shandong rose to 3739.50 yuan / ton, just one step away from the 4000 yuan / ton mark.
However, the rise was hindered. Due to the resumption of production in some refineries in Shandong Province, the arrival of goods at ports increased compared with the previous period, which restrained the price rise. Starting from the 12th, the market went out of a continuous downward line. At the same time, the demand did not meet the expectations, the weather cooling was not obvious, the market demand was still weak, the terminal consumption was slow, the downstream periodic replenishment was the main, and the market was in the situation of oversupply. Near the end of the month, 23-25 market rebound. Due to the continuous rise of international crude oil, the news brought a significant boost to the market. In addition, the rising cost of gas intake has significantly supported the market. Shandong propane market finally stopped falling and rose. However, the good times did not last long, and the rally only lasted for 3 days. With the weakness of crude oil and the absence of good market, it returned to the downward trend again and finally ended in November.
In terms of international market, Saudi Aramco CP announced in December that both propylene and butane were increased. Propane was 450 US dollars / ton, up 20 dollars / ton from last month; butane was 460 dollars / ton, up 20 dollars / ton from last month. CP rose in December, bringing good news to the market.
At present, the rise of CP price in December has brought certain benefits to the market. Although the international crude oil has weakened, it is still at a relatively high level, bringing support to the market. Although it is difficult to improve the situation of oversupply in the short term, the winter weather continues to cool down, and the demand is still expected to rise. Near the end of the year, with the enthusiasm of downstream market entry gradually improved, propane market is expected to rise in December.
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