CP in January, 2025 : 620 USD/t (- 12.5 USD from December)
C3 : USD 625 (- 10 USD from December) / C4 : 615 (- 15 USD from December)
The January 2025 CP fell due to sluggish demand caused by lower operating rates of Chinese PDH plants, relaxed supply and demand caused by increased production by non-OPEC. In 5th, December, OPEC+ postponed the start of reducing its voluntary crude oil production cuts, which were scheduled to begin in January, to April,
but non-OPEC production increases are expected to continue, and unless a record cold wave hits East Asia or demand at Chinese PDH plants increases,
the CP is predicted to fall in February as well.
(Reference Material： Astomos Energy Monthly Report, EIN)
※Our view is only our opinion and do not guarantee CP trends.
