In the last ten days of December, the overall propane market fluctuated and rose. In the second half of the month, the market fluctuated more frequently, with prices rising first and then falling. According to the data monitoring of business news agency, the average price of propane market was 3835.00 yuan / ton on December 14 and 4007.50 yuan / ton on December 25, with an increase of 4.50% in the second half of the month, up 4.43% compared with December 1.
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As of December 25, the mainstream propane prices in different regions of China are as follows:
Dec. 15, 2005
Propane in East China,% (V / V) not less than: 95 4150-4200 yuan / ton
In North China,% (V / V) is not less than 95.4000-4100 yuan / ton
In Shandong Province,% (V / V) propane is not less than 95 3780-4050 yuan / ton
In South China,% (V / V) is not less than 95.4300-4830 yuan / ton
In the second half of the month, propane market trend can be divided into two parts. From December 15 to 22, propane market rose rapidly. During the period, the port price was relatively strong, the international crude oil fluctuated upward, and the news was favorable to the market mentality. Due to the low market price in the early stage, the market rose when it was good. The mentality of the downstream gradually improved, the enthusiasm for entering the market increased, the manufacturer’s shipment situation was good, the inventory level was relatively low, the mentality was relatively strong, and the price continued to push up. However, the rising market did not continue. On the 23rd, there was a correction in the price, but the extent was not large. As the international crude oil continued to fall, the market mentality was depressed. With the end of replenishment in the market, the lower reaches mostly withdrew from the market and turned to wait-and-see, the market transaction scope obviously weakened, and the price dropped.
In terms of international market, Saudi Aramco announced in December that there was an increase in propane and butane. Propane was US $450 / T, up by US $20 / T from last month; butane was US $460 / T, up by US $20 / T from last month. CP rose in December, which brought good news to the market.
At present, the price of CP is expected to rise in January, which is good for the market mentality. In winter, it is still in the peak demand season, and the downstream stage replenishment is the main. However, the weak trend of international crude oil affects the market mentality. Towards the end of the year, propane market is expected to stabilize first and then rise in the short term.
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