CP in May, 2026 : 775 USD\/t \u00a0(\u00b1 0\u00a0\u00a0USD from April)<\/p>\n
C3 : USD 750 (\u00b1 0\u00a0USD from April)\/ C4 : 800 (\u00b1 0\u00a0USD from April)<\/p>\n
The Saudi Aramco CP for May 2026 was set at USD 750\/ton for propane and USD 800\/ton for butane, unchanged from the previous month.<\/p>\n
Regarding the current market environment, the Strait of Hormuz remains effectively closed due to escalating tensions<\/p>\n
between the United States and Iran, and LPG supply from the Middle East continues to be constrained.<\/p>\n
Furthermore, damage to facilities in Qatar has raised concerns over future supply reductions, and supply-demand conditions remain tight, particularly in India and Southeast Asia.<\/p>\n
At the same time, rising naphtha prices have led to increased demand for butane as an alternative feedstock, while higher freight rates have also contributed to upward pressure on prices.<\/p>\n
On the other hand, for May, Saudi Aramco\u2019s supply conditions remained largely unchanged from April.<\/p>\n
In addition, there were signs of easing demand in some regions and progress in alternative procurement (such as from the United States and Russia).<\/p>\n
As a result, the CP was ultimately settled at the same level as the previous month.<\/p>\n
Looking ahead, the market is expected to remain unstable due to the prolonged closure of the Strait of Hormuz, <\/u><\/p>\n
ongoing geopolitical uncertainties in the Middle East, and persistently high crude oil prices. <\/u><\/p>\n
Meanwhile, although U.S. inventories are at a high level and supply supplementation is progressing to some extent\u2014leading to expectations of a slight softening in the June CP-<\/u>there remains a possibility of renewed price increases depending on geopolitical developments. Therefore, the outlook continues to be highly uncertain.<\/u><\/p>\n
(Reference: Eneos Weekly Report, Astomos Energy Monthly Report, RIM, EIN)<\/p>\n
Please note that the above outlook represents our view and does not guarantee future CP movements.<\/u><\/p>\n","protected":false},"excerpt":{"rendered":"
CP in May, 2026 : 775 USD\/t \u00a0(\u00b1 0\u00a0\u00a0USD from April) C3 : USD 750 (\u00b1 0\u00a0USD from April)\/ C4 : 800 (\u00b1 0\u00a0USD from April) The Saudi Aramco CP for May 2026 was set at USD 750\/ton for propane and USD 800\/ton for butane, unchanged from the previous month. Regarding the current market environment, …<\/p>\n