CP in November, 2025 : 467.5 USD\/t \u00a0(- 17.5\u00a0USD from October)<\/p>\n
C3 : USD 475 (- 20\u00a0USD from October) \/ C4 : 460 (- 15\u00a0USD from October)<\/p>\n
In the Far East, relatively mild weather has persisted, leading to sluggish residential and commercial LPG demand. As a result, the November CP declined further from the previous month.<\/p>\n
While supply remains ample due to increased crude oil production by OPEC+, China\u2019s PDH plant operating rate fell to below 70%, resulting in weaker petrochemical propane demand.<\/p>\n
In addition, some Indian buyers have started shifting part of their LPG procurement from Middle Eastern to U.S. sources.<\/p>\n
Naphtha prices retreated, and butane demand for petrochemical use also showed a downward trend. The average WTI price in October fell by around USD 3 per barrel compared with September.<\/p>\n
From our company\u2019s perspective, we anticipate that LPG demand for heating will rise in the Northern Hemisphere\u2019s cold regions as winter begins, and therefore we expect the December CP to increase.<\/p>\n
(Reference Material\uff1aEneos Weekly Report, Astomos Energy Monthly Report, EIN, RIM)<\/p>\n
\u203bOur forecast is only our opinion and do not guarantee CP trends in the future.<\/u><\/p>\n","protected":false},"excerpt":{"rendered":"
CP in November, 2025 : 467.5 USD\/t \u00a0(- 17.5\u00a0USD from October) C3 : USD 475 (- 20\u00a0USD from October) \/ C4 : 460 (- 15\u00a0USD from October) In the Far East, relatively mild weather has persisted, leading to sluggish residential and commercial LPG demand. As a result, the November CP declined further from the previous …<\/p>\n