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July 22 International Liquefied Gas Market Prices Lower
In the Far East to shore market, the price of propane landed in August fell to 580-585 US dollars / ton, butane prices fell to 602-607 US dollars / ton. In the Japanese market, the propane price that landed in the first half of August from August to September was 583-588 U.S. dollars per ton, and the price of butane was 605-610 U.S. dollars per ton. In the Middle East offshore market, the propane price in August was 565-570 U.S./ton and the butane price was 580-585 U.S./ton. In August, the pressure cargo market reached US$610-620/ton. In terms of market demand, in the Japanese market, two Japanese importers still have shore demand in August to increase their own stocks. It is reported that there was a Japanese importer who had intentionally purchased the spot for the month of August, but he abandoned the purchase and withdrew from the market because he expected his inventory to increase and the domestic market slump. A Japanese importer may have purchased a 22,000-ton equivalent spot on shore for the first half of September. In the Chinese market, it is reported that a 22,000-ton propane spot may have a transaction price of more than 570 US dollars/ton. A South China importer was considering purchasing a 22,000-ton equivalent spot on the shore in the second half of August and is currently in no hurry to quote. In addition, the Thai National Petroleum Corporation issued a purchase tender for the purchase of a 22,000-ton equal-area spot in Chailaila Port from August 5-6. In terms of market supply, there are at least 4-5 stocks containing pure propane and swaps.