CP in February, 2025 : 630 USD\/t \u00a0(+ 10 USD from January)<\/p>\n
C3 : USD 635 (+ 10 USD from January) \/ C4 : 625 (+ 10 USD from January)<\/p>\n
The arrival of a cold wave in the Northern Hemisphere increased demand for heating, causing the February CP to rise.<\/p>\n
In the United States, the cold wave caused natural gas prices to rise sharply, and domestic demand for LPG increased, causing exports to fall and MB to rise.<\/p>\n
The naphtha market also rebounded for the first time in three months, and demand for butane for petrochemicals increased as an alternative, leading to an increase in prices.<\/p>\n
The January average of WTI rose by more than 5 USD compared to the December average.<\/p>\n
Saudi Arabia continues to plan to continue voluntary crude oil production cuts until March 2025, but as China’s PDH operating rates have not increased due to worsening margins, so our view on the March CP will be the same as the February CP or slightly lower.<\/p>\n
(Reference Material\uff1aEneos Weekly Report, Astomos Energy Monthly Report, EIN)<\/p>\n
\u203bOur view is only our opinion and do not guarantee CP trends.<\/u><\/p>\n","protected":false},"excerpt":{"rendered":"
CP in February, 2025 : 630 USD\/t \u00a0(+ 10 USD from January) C3 : USD 635 (+ 10 USD from January) \/ C4 : 625 (+ 10 USD from January) The arrival of a cold wave in the Northern Hemisphere increased demand for heating, causing the February CP to rise. In the United States, the …<\/p>\n