Propane Butane LPG Price
19 December 2023
Propane Butane Price
In the first half of January 2024, the landed price of frozen goods in East China was 643 US dollars per ton for propane and 663 US dollars per ton for butane. The cost of propane delivery in Chinese yuan is 5035 yuan/ton, and the cost of butane delivery is 5191 yuan/ton.
In the first half of January 2024, the landed price of frozen goods in South China was 633 US dollars per ton for propane and 653 US dollars per ton for butane. The cost of propane delivery in Chinese yuan is 4957 yuan/ton, and the cost of butane delivery is 5113 yuan/ton.
On December 14th, according to the International News Agency, Azerbaijan's crude oil production in November fell behind the OPEC+quota by 192000 barrels per day. It is reported that Azerbaijan's daily oil production in November was 492000 barrels, compared to 489000 barrels in October. The Ministry of Energy of the country pointed out that in November 2023, Azerbaijan's daily production of condensate was 609000 barrels, while in October it was 603000 barrels, of which oil production was 492000 barrels and condensate production was 117000 barrels. According to the OPEC+agreement, Azerbaijan's oil production quota is 684000 barrels per day by the end of 2023.
Market analysis:
The main LPG contract closed at 4791 yuan/ton yesterday. In terms of spot goods, prices are generally stable and production and sales are worry free. Under the weak trend of international oil prices, the supporting effect is limited. In terms of supply and demand, the nationwide cooling has led to an increase in demand for combustion; Downstream enterprises have a demand for replenishment, resulting in a slight increase in social inventory.
In the first half of January 2024, the landed price of frozen goods in East China was 643 US dollars per ton for propane and 663 US dollars per ton for butane. The cost of propane delivery in Chinese yuan is 5035 yuan/ton, and the cost of butane delivery is 5191 yuan/ton.
In the first half of January 2024, the landed price of frozen goods in South China was 633 US dollars per ton for propane and 653 US dollars per ton for butane. The cost of propane delivery in Chinese yuan is 4957 yuan/ton, and the cost of butane delivery is 5113 yuan/ton.
On December 14th, according to the International News Agency, Azerbaijan's crude oil production in November fell behind the OPEC+quota by 192000 barrels per day. It is reported that Azerbaijan's daily oil production in November was 492000 barrels, compared to 489000 barrels in October. The Ministry of Energy of the country pointed out that in November 2023, Azerbaijan's daily production of condensate was 609000 barrels, while in October it was 603000 barrels, of which oil production was 492000 barrels and condensate production was 117000 barrels. According to the OPEC+agreement, Azerbaijan's oil production quota is 684000 barrels per day by the end of 2023.
Market analysis:
The main LPG contract closed at 4791 yuan/ton yesterday. In terms of spot goods, prices are generally stable and production and sales are worry free. Under the weak trend of international oil prices, the supporting effect is limited. In terms of supply and demand, the nationwide cooling has led to an increase in demand for combustion; Downstream enterprises have a demand for replenishment, resulting in a slight increase in social inventory.
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