C3 : 720.0 USD (-70) / C4 : 740.0 USD (-50)
A year after Russia’s invasion of Ukraine, the WTI, which exceeded $120 in June last year, fell down as before the invasion, dropping to the $76 level in February on a monthly average. In addition, the market was pushed down by the stronger dollar and the weaker euro against the background of growing speculation that US interest rate rises will continue, as well as deep-rooted concerns about the US economic recession.
In the LPG market, the record-breaking cold wave has ended and the warm winter has begun, and the end of the demand season is coming. Furthermore, due to weak demand in Southeast Asia and weak crude oil prices, the final CP price fell by 60 USD/t, propane at 720 USD/t and butane at 740 USD/t, with a gap of price between propane and butane became 20 USD/t. (Reference: Energy intelligence Network, Astomos Energy Monthly Report, ENEOS GLOBE Weekly Report)
