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Liquefied Petroleum Gas Demand

The US exports of Liquefied Petroleum Gas demand to Asia had been higher overall throughout the second half of FY21 were higher than the exports to Europe by more than a 100%. The export prices of propane assessed on an FOB Texas basis were at a seven year high of around USD 1.5/gallon. Exports to both Asia and Europe increased from the October levels as many Industries in Europe resorted to buying LPG stock from the open market in December owing to sharp increases in natural gas prices.

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Liquefied Petroleum Gas Demand

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  1. Liquefied Petroleum Gas Price Trend and Forecast The US exports of Liquefied Petroleum Gas Priceto Asia had been higher overall throughout the second half of FY21 were higher than the exports to Europe by more than a 100%. The export prices of propane assessed on an FOB Texas basis were at a seven year high of around USD 1.5/gallon. Exports to both Asia and Europe increased from the October levels as many Industries in Europe resorted to buying LPG stock from the open market in December owing to sharp increases in natural gas prices. The FOB Texas prices’ discount to CFR Far East Asia narrowed to around USD 160/MT by the end of December. Many refiners in Asia are likely to choose propane over naphtha as the preferred cracker feed for Q1 as crude and natural gas prices will likely rise further during the month of January. https://www.chemanalyst.com/Pricing-data/liquified-petroleum-gas-lpg-16

  2. Liquefied Petroleum Gas prices online

  3. Find the Liquefied Petroleum Gas Demand Asian Liquefied Petroleum Gasdemandrevived during Q4 of FY21 after lagging for almost entire period of Q3. As the premium to naphtha started declining since October, the arbitrage for US imports of propane reopened for a short while during the month of October before tapering off due to huge demand from Asia owing to an energy crisis that started somewhere to the tail end of October. Propane’s premium to butane had tapered off by the closing weeks of December as demand for Asian Butane for US gasoline blending industry increased during the winter. https://www.chemanalyst.com/Pricing-data/liquified-petroleum-gas-lpg-16

  4. Search Liquefied Petroleum Gas pricing online

  5. Liquefied Petroleum Gas Supply online LPG supply in India is expected to increase as incumbent governments usually announce subsidies on LPG for domestic use before the elections in a bid to woo the electorate. European LPG imports from the US hit half yearly high of 0.42 Mn tons in November of Q4 and the growth in imports only increased substantially by December which is over 240% higher compared to the December.

  6. Contact Us: ChemAnalyst Contact No:- +1 3322586602 E-Mail:- sales@chemanalyst.com websites:- www.chemanalyst.com

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