CP in July, 2026 : 590 USD/t (- 200 USD from June)
C3 : USD 580 (- 180 USD from June)/ C4 : 600 (- 220 USD from June)
The Saudi Aramco CP for July 2026 was settled significantly lower than the previous month.
Regarding the current market environment, following the signing of a memorandum on the cessation of hostilities between the United States and Iran,
concerns over supply disruptions in the Middle East have eased, and LPG spot prices have gradually declined.
The average WTI crude oil price in June also decreased by approximately USD 16 per barrel compared with the average in May.
Furthermore, major importing countries such as India have increasingly shifted their procurement to U.S.-origin LPG and other alternative supply sources.
As a result, demand for Middle Eastern LPG has eased, leading to a more balanced supply-demand situation compared with the previous month.
Moreover, the North American market has also softened due to seasonal demand coming to an end,
and this continued downward trend in market prices resulted in a substantial decrease in the July 2026 CP.
Looking ahead, although progress has been made toward ending the conflict between the United States and Iran,
export operations and logistics from the Middle East have not yet fully returned to normal.
Therefore, LPG prices may continue to fluctuate depending on crude oil prices and developments in the Middle East. We will continue to closely monitor market conditions.
(Reference: Eneos Weekly Report, Astomos Energy Monthly Report, RIM)
Please note that the above outlook represents our view and does not guarantee future CP movements.
