China鈥檚 Liquefied Petroleum Gas (LPG) prices are expected to enter June **** with a renewed upward bias, as tightening Middle East export flows, firm petrochemical consumption, and elevated freight and insurance costs continue to shape sentiment. Forward indicators point to propane and butane rising by roughly ** in June, supported by persistent Gulf supply constraints and the likelihood of stronger PDH and cracker pull as margins stabilize.
LPG Market participants report that Saudi Aramco鈥檚 force-majeure-related disruptions at Juaymah and Al Jubail, along with intermittent outages at Ras Laffan and Iranian export interruptions, are expected to keep June cargo availability tight. Even with record US exports, voyage delays, rerouting around conflict-affected zones, and higher insurance premiums are expected to maintain a cost floor for LPG June arrivals. Petrochemical buyers, particularly PDH operators, are preparing for higher operating rates as propane-propylene spreads improve, while seasonal residential...
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