China LPG Market Weekly Take-away: Tight Supply, Weak Demand, and Rising Volatility

Описание: China’s LPG market experienced a sharp correction last week, with Brent crude falling nearly 9% and domestic LPG prices dropping more than 5%.
However, fundamentals remain more resilient than prices suggest. While optimism surrounding U.S.-Iran negotiations has reduced geopolitical risk premiums, Middle East supply remains constrained, freight costs stay elevated, and logistics challenges persist.