First, the price trend

Propane market prices continued to rise this week. At the beginning of the week, the average price of propane market was 5,533.67 yuan / ton, the average price of weekends was 5,658.89 yuan / ton, and the increase during the week was 2.26%. The price increased by 32.99% compared with the same period of last year.

Second, the analysis of influencing factors

Product: Propane prices have risen this week, and the overall trading atmosphere has performed well. As of September 14, Shandong Dongming Petrochemical propane is temporarily not available for quotation. The ex-factory price of propane in the supply and marketing company of Tianjin Bohai Chemical Group is 5,850 yuan/ton, the ex-factory price of propane in Shandong Haiyou Petrochemical Group is 5,750 yuan/ton, and the ex-factory price of propane in Shandong Huifeng Petrochemical is 5,830 yuan/ton. Propane of Shandong Hengyuan Petrochemical Co., Ltd. The ex-factory price is 5,800 yuan / ton, Shandong Binzhou Dayou Group propane ex-factory price is 5,800 yuan / ton. The ex-factory price of propane in Shandong Zhonghai Fine Chemical Co., Ltd. is 5,650 yuan / ton.

Industry chain: The domestic LPG market price rose strongly this week. At the beginning of the week, the average domestic LPG market price was 4921.25 yuan/ton, the weekend average price was 4983.75 yuan/ton, the weekly increase was 1.27%, and the price rose 27.54% compared with the same period of last year. This week, the domestic propylene market fluctuated downward. At the beginning of the week, the average domestic propylene market price was 9,320 yuan/ton, and the average weekend price was 9,309 yuan/ton. The weekly decline was 0.12%, and the price rose 16.5% compared with the same period of last year. September Saudi CP: Propane $600/ton was up 20 from last month; butane was $635/ton higher than last month. This week, the domestic propane market continued its upward trend. International crude oil tested the US$80 mark. The international spot price also rose more and more, and the overall domestic demand is expected to rebound. Both the upstream and downstream mentalities are optimistic. However, the overall domestic price has risen to a high level, the downstream receiving capacity is limited, and the mentality is relatively cautious.

Industry: According to the price monitoring of business companies, in the 37th week of 2018 (9.10-9.14), there were 30 kinds of commodities in the chemical sector, which rose by more than 5%, among which a total of 5% or more of the products were sold. The number of commodities monitored was 1.4%; the top 3 commodities were polysilicon (5.88%), formaldehyde (37%) (3.80%), and sulfur (granules) (3.72%). There were 21 kinds of commodities with a decrease in the chain, and 2 products with a drop of more than 5%, accounting for 2.8% of the monitored products in the sector; the top 3 products were dichloromethane (-5.23%) and OX (-5.10). %), ethylene glycol (-3.16%). This week’s average price increase was 0.26%.

Third, the market outlook

Propane analysts of the business community believe that: At present, the overall domestic propane market is still trading, manufacturers have no production and sales pressure, but the price is currently at a relatively high level, the downstream trading is relatively cautious, the overall market upside is limited. It is expected that the market will be dominated by high market consolidation.