CP in March, 2026 : 542.5 USD/t (± 0 USD from February)
C3 : USD 545 (± 0 USD from February)/ C4 : 540 (± 0 USD from February)
Extreme cold weather in the Far East and the United States led to increased heating demand, while petrochemical demand remained firm, resulting in peak seasonal demand for LPG.
On the other hand, the Asian LPG market became relatively quiet as China and several other countries entered the Lunar New Year holiday period. As a result, the March CP settled at the same level as February.
Naphtha demand for petrochemical use remained steady, and there have been limited signs of large-scale substitution from naphtha to butane in petrochemical feedstock usage.
In addition, amid rising geopolitical tensions between the United States and Iran, the average WTI price in February increased by approximately USD 4 per barrel compared to January.
Looking ahead, due to the ongoing U.S.–Iran situation, we expect the April 2026 CP to show an upward trend.
(Reference Materials： Eneos Weekly Report, Astomos Energy Monthly Report, RIM, EIN)
※Our forecast is only our opinion and do not guarantee CP trends in the future.
