SunSirs: Propane Aftermarket Price Trend (February 7, 2023)

https://www.chemnet.com   Feb 08,2023 SunSirs

　　The latest price of propane (2-6): 6250 RMB/ton is predicted to be bearish in the future.

　　Key points of analysis: the price of propane on February 6 fell by 2.72% compared with the price of the previous trading day. The international oil price has been lowered one after another, depressing the market mentality. At the same time, the market of liquefied petroleum gas (LPG) was weak, and the recent increase in the supply of propane at the port, the accumulation of on-site inventory, the performance of the downstream demand market was depressed, and the price of propane dropped from a high level.

　　Future prediction: the supply side has increased significantly. In order to stimulate the purchase of goods, it is expected that propane will still have downward space in the short term.

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