Podcast - China LPG market weekly takeaway: high import costs meet rising supply

China's LPG market is facing a shift in supply dynamics. China's domestic LPG prices rose last week, supported by stronger international markets, tight domestic supply and high import costs.

But the picture could change this week as refinery supply and import arrivals are expected to increase.

Key takeaways:

China's domestic LPG prices rose last week as stronger international LPG markets, tight domestic supply and high import costs supported the market, while weaker downstream buying limited further gains.
Supply is set to increase this week, with domestic LPG supply expected at around 470,000 tonnes and import arrivals at around 550,000 tonnes, potentially shifting the market from a supply deficit to a surplus.
Prices could fall by 50–100 yuan/tonne, as higher supply and weak burning demand weigh on the market, though high import costs and stronger chemical demand may limit the decline.

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.

Listen to the full episode on Spotify now: https://open.spotify.com/episode/2ymTkcTR3QQ8uNLJ5sJk6h?si=e3jcxTocR1-knrHfbCRP7Q