China LPG Price
31 March 2024According to the Shanghai Petroleum and Natural Gas Trading Center, on March 27th, the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center released the China Liquefied Petroleum Gas (LPG) Comprehensive Import CIF Price Index. From March 18th to March 24th, the China Liquefied Propane Comprehensive Import CIF Price Index was 126.61 points, a month on month increase of 0.69% and a year-on-year decrease of 6.64%; The comprehensive import landed price index of liquefied butane in China was 126.57 points, an increase of 0.54% month on month and a year-on-year decrease of 13.11%.
According to the CP price data released by Saudi Aramco for March 2024, the contract price (CP) for propane in March was $630 per ton, unchanged from the previous month and a decrease of 12.50% compared to the same period last year; The contract price (CP) of butane in March was $640 per ton, which remained unchanged from the previous month and decreased by 13.51% compared to the same period last year; The unchanged Saudi CP in March may affect the current domestic and international LPG market price levels.