Podcast - China LPG market weekly takeaway: international strength meets a shifting domestic balance

However, the market is beginning to face a different balance. Domestic LPG supply and import arrivals increased during the week, while supply is expected to expand further. At the same time, residential and chemical demand could weaken as prices remain high and several downstream units enter maintenance.

Key takeaways:

• International LPG prices strengthened as Middle East supply risks remained in focus and spot buying stayed active.
• China's domestic LPG supply increased to 454,600 tonnes, while import arrivals rose to 555,000 tonnes.
• Port inventories fell by 85,800 tonnes to 2,564,500 tonnes, despite higher import arrivals.
• Downstream profitability improved, with alkylation losses narrowing and PDH margins remaining profitable.
• The domestic supply-demand balance is expected to shift next week, with rising supply and weaker demand potentially weighing on prices.
• China's LPG prices could decline by around 30–50 yuan per tonne, although South China may remain relatively resilient amid firm international prices and lower import arrivals.

For the full analysis and data behind today's discussion, contact us at inquiries@mysteel.com or click here for a sample of the latest China LPG Market Weekly Report by Mysteel OilChem.

For deeper insight into China's LPG market, including market intelligence, pricing trends, supply-demand fundamentals, and industry developments, visit mysteel.net.

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