China LPG gains on higher import costs, yet buyer resistance caps upside

Middle East-fueled import cost hikes have pushed China's September LPG market into supply deficit, though growing buyer resistance will cap sharp price gains despite ongoing tight fundamentals.

Middle East tensions have raised import costs and pushed China's LPG market higher in September, moving it into a supply deficit. However, high prices are squeezing margins for traders and distributors, dampening buying interest and capping further gains. According to OilChem, the average residential LPG price in China stood