SunSirs: On September 27th, the Propane Market Pulled Back from a High Level

2021-09-29by admin

  Price trend

  According to the data monitoring of SunSirs, the average market price of propane in Shandong on September 26 was 5,663.25 RMB/ton, and the average price on September 27 was 5,595.75 RMB/ton. The single-day decline was 1.19%, which was an increase of 12.29% compared to September 1.

  Analysis review

  On September 27, the domestic propane market’s upward trend was suspended, and most of the Shandong market lowered its ex-factory quotations. The mainstream quotations were 5,500-5,650 RMB/ton/ton.

  The high level of international crude oil has brought some support to the market, but the National Day holiday is approaching, and manufacturers have to destock before the holiday, and the price of propane has a slight correction.

  Market outlook

  It is expected that prices in the propane market may still be lowered in the short term, but the space is limited.