SunSirs: Weekly Propane Market Report (5.1-5.6)

https://www.chemnet.com   May 06,2023

　　On May 6th, the benchmark price of propane in Shangshang Society was 4970.75 RMB/ton, a decrease of -2.07% compared to the beginning of this month (5075.75 RMB/ton).

　　After the holiday, the propane market in Shandong continued to decline, and due to the broad decline in international oil prices during the holiday period, the mentality of operators was suppressed, and propane prices continued to decline. In May, CP was introduced, and prices remained basically unchanged compared to April. At the same time, there is an expectation of an increase in downstream device construction. It is expected that the mentality of propane price promotion will strengthen in the short term, and there is limited room for further decline.

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