Domestic propane Market in the two or three quarter out of the obvious “V” word market, the market change is relatively rapid, especially since July, the market has continued to push up trend, beyond expectations.
Propane trend
After entering May, with the gradual rise in temperature, propane Market into the off-season consumption, the market compared to the same period in previous years, showing a gradual downward trend, in line with expectations. But at the end of June and early July market bottomed out, and continued to push up the situation, beyond people’s expectations, there is a feeling in advance into the peak season of consumption.
Due to rapid decline in June, propane prices low for the year, though still in high temperature season, but some businesses have hunters desire, boost the market trend; and in July, the domestic environmental protection inspection of unprecedented, most part of the device or the whole plant of refinery downtime, the actual supply of propane decreased ease factory sales pressure; the end of August the National Games held in Hebei and the surrounding area traffic control, Shandong, North China, Northeast China Resources Circulation influenced resources in Northeast China and the surrounding areas to further boost the market shortage. These favorable followed, continue to give the propane Market push up momentum, and other propane market shocks upward in the third quarter, the current price has been 4282 yuan / ton, close to the high point of the year.
As the third quarter propane market performance is strong, continuous push up, the price has climbed to a relatively high level. After entering the fourth quarter of the traditional sales season, whether it still has upside? Can market performance reach expectations?
| Melamine |
The fourth quarter was the peak season for the sale of liquefied gases in China, especially the demand for propane in the market, especially in the northeast and other northern regions. Because of its high pressure and strong combustion, propane is especially suitable for the cold climate in winter in the north. But the northeast area has the normal supply of propane manufacturers only Dalian petrochemical, Jinzhou petrochemical, Dalian West Pacific three (Jinxi petrochemical refinery supply instability), the overall supply is less, then northeast supply gap needs to North China, Shandong and even the East China Resources to fill the area above the propane sales pressure can be eased. The ability to digest the fourth quarter and propane in Northeast China and surrounding areas after the upgrade, the resources almost never go down into Shandong, East and other regions, from the side to Shandong, East and other regions of the propane Market to boost.
As far as breath is concerned, the demand for propane in China is not only huge in winter, but also in India, Japan and other neighboring countries. The Middle East and the United States as the northern region of the main suppliers in the winter of propane, sales also increased significantly, the price will also increase, which will promote the Southern China, along the Yangtze River and other coastal areas of the propane Market to rise.
Major areas of propane supply
At present, in late September, the National Day holiday is coming, some businesses exist pre replenishment requirements, the propane market will certainly boost the role. However, due to the current temperature changes are not obvious, the terminal of propane digestion capacity has not been significantly improved, so in the short term the market is difficult to show a strong performance. National Day, the market will enter the fourth quarter, as the temperature decreases, improve the terminal digestion ability, as well as civilian gas, imported gas price up to promote good, long-term domestic existing propane Market upward momentum, the overall performance of the market is worth looking forward to.
| EDTA 2Na |