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LPG prices in Asia drop to after six days of losses | China's June LNG imports have increased 15.1% compared to the previous month

Jul 22, 2022

- LPG prices in Asia drop after six days of losses- China's June LNG imports have increased 15.1% compared
to the previous month



Asia LPG prices dropped further on July 21
to a six-day low. However, it was not as severe as the $17.92-23.50/mt drop in
ICE September Brent crude oil futures. This is because demand supported rates. H2 August CFR North Asia
propane fell $8-9/mt to $711.50-730.50/mt, the lowest price since July 15, when
it was $705/mt. The premium H2 August CFR
North Asia propane paid for August CP Swaps decreased $1-3/mt on the day, to
$38.50-43.50/mt on Jul 21. H2 August CFR
North Asian butane was valued at $10.50-15.50/mt lower than propane on July 21
compared to $10-15/mt lower than propane the previous session. On July 21, there were two bids and two...

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