The onset of November xxxx brought with it a significant surge in LPG prices in Brazil. LPG prices in Brazil have been on the rise since the third quarter of xxxx. The upward trend accelerated in November, leading to a significant surge in prices.
The LPG prices in Brazil have surged on the back of a shift in demand due to colder weather with butane prices admitted a hike of x.xx to settle at USD xxx/MT Butane CFR Santos, while propane prices rose by x.xx to settle at USD xxx/MT Propane CFR Santos during the third week of November xxxx. The demand for LPG as a heating fuel skyrocketed due to the onset of winter season. Households and industries alike turned to LPG to keep warm and power their operations. This increased demand, particularly in regions experiencing colder-than-average temperatures, strained supply chains and put upward...
