LPG prices in FD Hamburg Germany remained unchanged in the week ending 30 October 2025, concealing bullish repositioning due to seasonal demand. U.S. propane exports increased by 13.2% to 2.134 million bpd to replenish ARA hubs after summer, while butane prices rallied on winter gasoline blending and low ARA stocks (8% to 1.2 million MT). Despite Brent crude falling to USD 63/bbl, the freight prices increased from USD 830 to USD 845 per 40ft container, up 1.8% from New York to Rotterdam, maintaining landed cost pressure for LPG. Supply caution was also supported by due to refinery turnaround in the North Sea and a narrowing contango in forward curves for LPG. November prospects are positive with pre-Christmas stockpiling, increasing consumer confidence, and ongoing blending demand seen supporting upward momentum in LPG prices. Traders expect stronger tenders due to increasing industrial and heating demand in Q4.
