For the Quarter Ending June 2026
Liquefied Petroleum Gas Prices in North America
- In USA, the Liquefied Petroleum Gas Price Index rose by 23.8% quarter-over-quarter, due to exports.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 7.47/MT, FD Texas delivered.
- Liquefied Petroleum Gas Spot Price firmed with freight premiums and export enquiries by Asian buyers.
- Liquefied Petroleum Gas Price Forecast indicates correction after summer as inventories rise, PDH demand softens.
- Liquefied Petroleum Gas Production Cost Trend rose with higher crude, freight, and insurance surcharges globally.
- Liquefied Petroleum Gas Demand Outlook remains export-driven despite seasonally softer domestic gasoline blending after mid-June.
- US fractionation capacity kept the Liquefied Petroleum Gas Price Index pressured, reinforcing bearish June sentiment.
- Record export liftings and canal reroutes tightened inland liquidity, increasing delivered costs for FD Texas.
Why did the price of Liquefied Petroleum Gas change in June 2026 in North America?
- Abundant shale NGL production and stable fractionation raised availability, creating domestic oversupply during June 2026
- Export growth failed to absorb additional barrels as gasoline blending demand seasonally softened after mid-June
- Logistical reroutes and higher freight insurance supported prices, but later easing softened delivered cost pressures
Liquefied Petroleum Gas Prices in APAC
- In China, the Liquefied Petroleum Gas Price Index rose by 44.54% quarter-over-quarter, reflecting Gulf export disruptions.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 971.33/MT amid freight pressure.
- Liquefied Petroleum Gas Spot Price weakened as abundant Gulf, US cargoes met limited CFR demand.
- Liquefied Petroleum Gas Production Cost Trend eased as crude softened, enabling sellers to trim offers.
- Liquefied Petroleum Gas Price Forecast signals weakness unless geopolitical disruptions or petrochemical restocking intensify demand.
- Liquefied Petroleum Gas Demand Outlook remains subdued with cooling and weak PDH economics limiting procurement.
- Inventory builds pressured the Liquefied Petroleum Gas Price Index, prompting sellers to discount spot volumes.
- Elevated freight and insurance premiums increased landed costs, narrowing arbitrage and tempering aggressive import demand.
Why did the price of Liquefied Petroleum Gas change in June 2026 in APAC?
- Ample imports and domestic refinery yields increased supply, incentivizing inventory builds and weighing on prices.
- Soft seasonal demand and reduced PDH intake weakened procurement, diminishing seaborne buying interest across terminals.
- Easing crude benchmarks and improved Gulf transit lowered costs and freight premia, enabling downward pressure.
India
- In India, the Liquefied Petroleum Gas Price Index rose by 60.33% quarter-over-quarter, driven by Strait of Hormuz supply disruption.
- Regional flows tightened, lifting the Liquefied Petroleum Gas Spot Price as Gulf export disruptions limited available cargoes.
Liquefied Petroleum Gas Prices in Europe
- In Germany, the Liquefied Petroleum Gas Price Index rose by 10.9452% quarter-over-quarter, driven by refinery outages.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 1189.33/MT, per sources.
- Liquefied Petroleum Gas Spot Price eased as US exports replenished terminals, improving German inland availability.
- The Liquefied Petroleum Gas Price Forecast shows short-term softness, with autumn tightening as inventories normalize.
- Crude and freight pressures elevated the Liquefied Petroleum Gas Production Cost Trend, underpinning price support.
- Liquefied Petroleum Gas Demand Outlook remains weak seasonally, petrochemical offtake steady while heating demand subdued.
- Liquefied Petroleum Gas Price Index reflected cargo diversions to Asia, tight prompts, and freight premiums.
- Inventory builds reversed in quarter as refinery turnarounds reduced co-product LPG availability across German distribution.
Why did the price of Liquefied Petroleum Gas change in June 2026 in Europe?
- Abundant US exports boosted inventories, loosening European supply and pressuring Liquefied Petroleum Gas Price Index.
- Seasonal heating declines and lower butane blending reduced demand, weakening spot offtake and pressuring markets.
- Elevated freight and logistics increased landed costs, while intermittent refinery outages significantly tightened German supply.
Netherlands
- In the Netherlands, the Liquefied Petroleum Gas Price Index rose by 26.13% quarter-over-quarter, supply constrained.
- Rotterdam congestion lifted the Liquefied Petroleum Gas Spot Price amid shifting transatlantic cargo arbitrage flows.
Italy
- In Italy, the Liquefied Petroleum Gas Price Index rose by 22.29% quarter-over-quarter, driven by import disruptions.
- Robust transatlantic inflows pressured regional spreads while the Liquefied Petroleum Gas Spot Price remained volatile.
Liquefied Petroleum Gas Prices in MEA
- In Saudi Arabia, the Liquefied Petroleum Gas Price Index rose by 56.25% quarter-over-quarter, reflecting disruptions.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 870.33/MT, Dhahran ex-works.
- Liquefied Petroleum Gas Spot Price tightened on prompt scarcity, while the Price Index signalled short-covering.
- Liquefied Petroleum Gas Price Forecast anticipates gradual easing as freight normalizes and crude-linked costs moderate.
- Liquefied Petroleum Gas Production Cost Trend eased with crude declines, reducing fractionation expenses and margins.
- Liquefied Petroleum Gas Demand Outlook weakened as Asian procurement cooled and petrochemical offtake remained cautious.
- Domestic inventories rose while export appetite cooled, pressuring the Liquefied Petroleum Gas Price Index downward.
- War-risk insurance and rerouting lifted freight costs, constraining shipments and supporting elevated LPG delivered values.
Why did the price of Liquefied Petroleum Gas change in June 2026 in MEA?
- Crude oil weakness reduced production costs, prompting sellers to trim offers and easing price support.
- Repairs and gradual shipping normalization lowered urgency, reducing export premiums and calming prompt LPG demand.
- Elevated freight and insurance sustained delivered cost floors, while softer Asian procurement constrained outbound flows.
Qatar
- In Qatar, the Liquefied Petroleum Gas Price Index rose by 63.56% quarter-over-quarter, driven by export disruptions.
- Liquefied Petroleum Gas Spot Price volatility reflected tight availability after export terminal damage constrained Mesaieed loadings.
Liquefied Petroleum Gas Prices in South America
- In Brazil, the Liquefied Petroleum Gas Price Index rose by 28.89% quarter-over-quarter, reflecting import-driven rallies.
- The average Liquefied Petroleum Gas price for the quarter was USD 667.67/MT according to assessments.
- Liquefied Petroleum Gas Spot Price weakened as abundant US exports pressured offers at Brazilian terminals.
- Liquefied Petroleum Gas Price Forecast indicates downside risk amid ample stocks and muted seasonal demand.
- Liquefied Petroleum Gas Production Cost Trend eased as lower crude, softer freight reduced landed costs.
- Liquefied Petroleum Gas Demand Outlook stays weak amid summer lull, limited petrochemical and residential offtake.
- Inventory builds with US exports pressured the Liquefied Petroleum Gas Price Index, forcing seller discounting.
- Terminal congestion and rerouted voyages elevated logistical risk, tightening prompt availability and supporting short-term premiums.
Why did the price of Liquefied Petroleum Gas change in June 2026 in South America?
- Falling crude oil lowered feedstock costs, compressing LPG import offers and pressuring delivered domestic valuations.
- Elevated US export flows and inventory builds raised supply into Brazil, prompting deeper seller discounting.
- Seasonal demand weakness and easing freight curbed urgency, allowing traders defer purchases and deepen discounts.
For the Quarter Ending March 2026
Liquefied Petroleum Gas (LPG) Prices in North America
- In the USA, Liquefied Petroleum Gas Price Index rose by 2.26% quarter-over-quarter, reflecting export bottlenecks.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 6.03/mmbtu market reports.
- U.S. Liquefied Petroleum Gas Spot Price weakness pressured Price Index despite maintenance and export constraints.
- Short-term Liquefied Petroleum Gas Price Forecast anticipates seasonal rebound constrained by inventories and export bottlenecks.
- Liquefied Petroleum Gas Production Cost Trend eased as crude-linked impacts remained subdued, freight pressured margins.
- Liquefied Petroleum Gas Demand Outlook shows weaker heating demand and petrochemical pull, limiting Price Index.
- Elevated inventories and constrained terminal throughput capped upside, keeping Liquefied Petroleum Gas Price Index subdued.
- Temporary outages trimmed operating rates but failed to reverse structural oversupply or sustain price recovery.
Why did the price of Liquefied Petroleum Gas change in March 2026 in North America?
- Structural oversupply from shale-driven NGL production raised inventories, outweighing seasonal demand and pressuring regional prices.
- Gulf Coast export bottlenecks and freight and insurance premia constrained arbitrage, limiting delivered price improvements.
- Maintenance outages temporarily reduced operating rates, but elevated stocks and export constraints prevented sustained tightening.
Liquefied Petroleum Gas (LPG) Prices in APAC
- In China, the Liquefied Petroleum Gas Price Index rose by 26.0% quarter-over-quarter, driven by seaborne supply disruptions.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 672.00/MT, reflecting freight pressures.
- Liquefied Petroleum Gas Spot Price rose, with Price Index mirroring prompt cargo competition and constrained availability.
- Liquefied Petroleum Gas Price Forecast indicates short upside risk as freight and insurance elevate landed expectations.
- Liquefied Petroleum Gas Production Cost Trend rose as crude and freight insurance pressures increased replacement costs.
- Liquefied Petroleum Gas Demand Outlook remains firm as winter heating and PDH feedstock needs sustain urgency.
- Price Index volatility was amplified by export disruptions, higher insurance premiums, and shipping delays raising landed cost uncertainty.
- OPEC+ quotas and maintenance constrained Liquefied Petroleum Gas output, tightening seaborne availability and spurring distributor bids.
Why did the price of Liquefied Petroleum Gas change in March 2026 in APAC?
- OPEC+ quotas and Gulf export disruptions reduced seaborne LPG flows, tightening prompt availability, raising bids.
- Resilient petrochemical feedstock demand with winter heating increased procurement urgency, depleting coastal inventories, lifting bids.
- Shipping bottlenecks and voyage times with higher war-risk insurance increased freight, inflating landed Liquefied Petroleum Gas costs.
Liquefied Petroleum Gas (LPG) Prices in Europe
- In Germany, the Liquefied Petroleum Gas Price Index rose by 3.9% quarter-over-quarter, on tighter supply.
- The average Liquefied Petroleum Gas price for the quarter was approximately Euro 1072.00/1000 ltr, including freight.
- Liquefied Petroleum Gas Spot Price strengthened after Hormuz disruptions, lifting landed values, tightening cargo availability.
- Liquefied Petroleum Gas Price Forecast indicates firmness as freight and insurance premiums elevate replacement costs.
- Liquefied Petroleum Gas Production Cost Trend rose alongside higher Brent and increased insurance, pressuring margins.
- Liquefied Petroleum Gas Demand Outlook stayed strong for heating and PDH feedstock, sustaining firm offtake.
- Liquefied Petroleum Gas Price Index tightened with inventory draws and Asian competition for US cargoes.
- Inland refinery by-product constraints and higher handling surcharges pressured delivered values into German storage hubs.
Why did the price of Liquefied Petroleum Gas change in March 2026 in Europe?
- Severe Strait of Hormuz disruptions forced rerouting, increasing freight and insurance costs for European LPG.
- Rising Brent crude elevated replacement costs, passing higher manufacturing margins into landed LPG prices thereby.
- Cold weather, PDH and blending demand accelerated draws, prompting buyers to accept higher spot offers.
Liquefied Petroleum Gas (LPG) Prices in MEA
- In Saudi Arabia the Liquefied Petroleum Gas Price Index rose 17.676% quarter-over-quarter as exports tightened.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD557.00/MT across Dhahran domestically.
- Liquefied Petroleum Gas Spot Price strengthened as export liftings tightened, pushing domestic Price Index higher.
- Liquefied Petroleum Gas Price Forecast indicates near-term firmness amid elevated freight costs and geopolitical risk.
- Liquefied Petroleum Gas Production Cost Trend rose as Brent and insurance premiums elevated replacement costs.
- Liquefied Petroleum Gas Demand Outlook remains strong with petrochemical PDH pull and winter heating support.
- Logistics disruptions tightened exports, reducing available cargoes and lifting the Liquefied Petroleum Gas Price Index.
- Terminal inventories declined seasonally while major fractionators and PDH units continued near-nameplate runs tightening availability.
Why did the price of Liquefied Petroleum Gas change in March 2026 in MEA?
- Shipping risks and higher war-risk insurance increased freight costs, constraining exports and raising replacement costs.
- Elevated Brent crude lifted feedstock-linked manufacturing costs, prompting higher official contract benchmarks and ex-works pricing.
- Strong petrochemical PDH offtake and precautionary Asian buying amid geopolitical uncertainty tightened spot availability significantly.
South America
- In Brazil, the Liquefied Petroleum Gas Price Index rose by 11.96% quarter-over-quarter, reflecting import tightness and freight surcharges.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 518.00/MT, as reported in Santos deliveries.
- Liquefied Petroleum Gas Spot Price spiked amid Strait of Hormuz disruptions and VLGC freight surcharges into Santos.
- Elevated crude benchmarks and higher vessel insurance pushed the Liquefied Petroleum Gas Production Cost Trend, tightening margins.
- Domestic household demand remained firm while pipeline substitution softened industrial offtake, shaping the Liquefied Petroleum Gas Demand Outlook.
- Short-term Liquefied Petroleum Gas Price Forecast points toward continued strength given constrained seaborne availability and precautionary buying.
- Russia embargo and outages reduced global LPG flows, tightening inventories and lifting the Liquefied Petroleum Gas Price Index.
- VLGC fixture surges and port delays, combined with Petrobras strike impacts, amplified supply tightness affecting market balances.
Why did the price of Liquefied Petroleum Gas change in March 2026 in South America?
- Severe Strait of Hormuz disruptions curtailed VLGC availability, reducing seaborne LPG supply into South America.
- Elevated crude-linked feedstock costs and insurance premiums raised production and landed cost pressures in March.
- Heightened precautionary buying and tightening inventories among Brazilian distributors amplified upward pressure on import parity.
For the Quarter Ending December 2025
APAC
- In China, the Liquefied Petroleum Gas Price Index fell by 8.29% quarter-over-quarter, pressured by oversupply.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 553.33/MT (Propane CIF .Shanghai).
- Liquefied Petroleum Gas Spot Price movement reflected widening arbitrage and persistent oversupply across Asian markets.
- Lower crude benchmarks and freight declines eased the Liquefied Petroleum Gas Production Cost Trend regionally.
- China's PDH ramp and colder weather strengthened the Liquefied Petroleum Gas Demand Outlook into December.
- Arabian Gulf contract offers pushed CIF values, keeping the Liquefied Petroleum Gas Price Index elevated.
- Analysts expect modest rallies followed by consolidation, forming a cautious Liquefied Petroleum Gas Price Forecast.
- Balanced refinery runs and steady exports kept markets bound, stabilising Liquefied Petroleum Gas Price Index.
Why did the price of Liquefied Petroleum Gas change in December 2025 APAC?
- Higher Arabian Gulf contract offers fed Chinese import parity, tightening availability and lifting CIF values.
- Reduced US cargo inflows and elevated freight schedules limited discounted supply amid petrochemical, residential demand.
- Seasonal colder temperatures increased household refills and PDH feedstock demand while crude benchmarks firmed costs.
Europe
- In Germany, the Liquefied Petroleum Gas Price Index fell by 2.06% quarter-over-quarter, reflecting weaker seasonal demand.
- The average Liquefied Petroleum Gas price for the quarter was approximately Euro 1032.00/ 1000 ltr, reported nationally.
- Balanced imports and muted buying kept the Liquefied Petroleum Gas Spot Price rangebound during December.
- Forward curve tightening and freight dynamics influenced the Liquefied Petroleum Gas Price Forecast for winter.
- Crude rebound and higher freight elevated input costs, tightening Liquefied Petroleum Gas Production Cost Trend.
- Refinery blending and increased US exports improved Liquefied Petroleum Gas Demand Outlook for seasonal heating.
- ARA port congestion and logistical delays supported offers, leaving Liquefied Petroleum Gas Price Index firmer.
- Ample stocks in major hubs constrained upside, while local demand pockets and tendering sustained prompt strength.
Why did the price of Liquefied Petroleum Gas change in December 2025 in Europe?
- Seasonal heating uptake increased procurement, yet regional buying remained uneven, limiting sustained price appreciation slightly.
- Rising freight and crude costs elevated landed costs, supporting offers despite available inventories across hubs.
- US export flows and port congestion created short logistical tightness, sustaining upward pressure in Germany.
MEA
- In Saudi Arabia, the Liquefied Petroleum Gas Price Index fell by 9.29% quarter-over-quarter, reflecting Aramco OSP cuts and weak demand.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 488.33/MT(propane Ex Works.Dhahran), seasonally adjusted.
- Liquefied Petroleum Gas Spot Price remained range-bound as domestic production covered inland consumption, limiting spot volatility.
- Liquefied Petroleum Gas Price Forecast points to limited near-term upside given ample inventories and subdued Asian offtake.
- Liquefied Petroleum Gas Production Cost Trend showed upward pressure from higher NGL extraction costs and freight.
- Liquefied Petroleum Gas Demand Outlook improved in December as petrochemical crackers and residential restocking boosted inland consumption seasonally.
- Liquefied Petroleum Gas Price Index stability was supported by steady run rates and episodic logistical frictions.
- High inventories and US export flows widened arbitrage, while export liftings occasionally drew down inland stocks, tightening offers.
Why did the price of Liquefied Petroleum Gas change in December 2025 in MEA?
- OSPs initially cut earlier in quarter, then December CP increase supported price recovery amid tighter export allocations.
- Planned Jubail splitter maintenance reduced inland butane availability, drawing down storage and firming prompt offers.
- Seasonal petrochemical and residential restocking increased offtake while freight premiums encouraged earlier cargo commitments in December.
North America
- In the USA, the Liquefied-Petroleum-Gas Price Index fell by 8.29% QoQ, reflecting export weakness and inventories.
- The average Liquefied-Petroleum-Gas price for the quarter was approximately USD 5.90/ mmBtu (Butane FD Texas), per terminal data reported.
- Liquefied-Petroleum-Gas Spot Price stabilized mid-December after Mont Belvieu draws and stronger Gulf loadings reduced inventories.
- Liquefied-Petroleum-Gas Price Forecast indicates upside as winter heating and exports absorb excess stock near-term demand.
- Liquefied-Petroleum-Gas Production Cost Trend eased with lower crude; fractionator turnarounds raised short-term costs and logistics.
- Liquefied-Petroleum-Gas Demand Outlook softened; Asian buying cooled and warm temperatures reduced heating draws below seasonal levels.
- Liquefied-Petroleum-Gas Price Index firmed in December as exports and inland draws tightened markets through late-month activity.
- Refinery outages, VLGC freight, and Gulf Coast loading increases combined to support December pricing power.
Why did the price of Liquefied-Petroleum-Gas change in December 2025 in North America?
- Elevated inventories and softer export demand suppressed prices, despite fractionator turnarounds intermittently tightening regional availability.
- Lower crude feedstock costs reduced manufacturing expenses, offset by higher VLGC freight and berth delays.
- Cold snaps increased heating demand and export loadings, aiding December recovery amid record-high U.S. stocks.
South America
- In Brazil, the Liquefied Petroleum Gas Price Index fell by 7.5% quarter-over-quarter, reflecting weaker demand.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 505.67/MT, excluding duties.
- Liquefied Petroleum Gas Spot Price volatility eased quarter while the Price Index reflected supply normalization.
- Liquefied Petroleum Gas Price Forecast indicates mild seasonal firmness influenced by freight and blending activity.
- Liquefied Petroleum Gas Production Cost Trend softened as crude eased, offset by higher terminal costs.
- Liquefied Petroleum Gas Demand Outlook improved on blending interest and seasonal heating in Brazilian markets.
- Inventory builds and cheaper imports pressured the Spot Price while the Price Index signalled moderation.
- Operational bottlenecks at Santos and higher freight materially elevated the Liquefied Petroleum Gas Price Index.
Why did the price of Liquefied Petroleum Gas change in December 2025 in South America?
- Seasonal subdued heating demand reduced domestic offtake, weakening procurement and diminishing immediate price support.
- Cheaper import arbitrage and inventory builds increased availability, pressuring the Price Index downwards further.
- Freight and port congestion raised landed costs, partially offsetting downward price momentum in December.
For the Quarter Ending September 2025
North America
- In the USA, the Liquefied Petroleum Gas Price Index fell 13.45% quarter-over-quarter due to oversupply.
- The average Butane price for the quarter was approximately USD 6.43/MT across markets.
- Domestic Liquefied Petroleum Gas Spot Price remained under pressure as the Price Index showed inventories.
- Lower crude futures softened Liquefied Petroleum Gas Production Cost Trend, limiting support amid weak demand.
- Global Liquefied Petroleum Gas Demand Outlook remained muted due to seasonal offseason and naphtha substitution.
- Near-term Liquefied Petroleum Gas Price Forecast indicates modest declines unless inventories normalize or exports recover.
- High storage levels pressured Liquefied Petroleum Gas Price Index while export frictions weighed on shipments.
- Reduced run rates in plants constrained tightening while blending demand remained weak before prewinter stockpiling.
Why did the price of Liquefied Petroleum Gas change in September 2025 in North America?
- Oversupplied domestic stocks pressured prices as U.S. exports fell and inventories remained above seasonal averages.
- Lower crude oil futures reduced production costs, limiting price support amid oversupply and weak offtake.
- Logistical frictions and port delivery delays exacerbated selling pressure, restraining export flows, elevating domestic availability.
APAC
- In China, the Liquefied Petroleum Gas Price Index fell by 12.34% quarter-over-quarter, driven by import surplus.
- The average Butane price for quarter was approximately USD 568.33/MT, reflecting subdued demand.
- Liquefied Petroleum Gas Spot Price remained depressed amid abundant Middle Eastern cargoes and inventory levels.
- Liquefied Petroleum Gas Price Forecast anticipates recovery into autumn as seasonal restocking offsets persistent oversupply.
- Liquefied Petroleum Gas Production Cost Trend marginally eased with lower crude reducing exporter manufacturing expenses.
- Liquefied Petroleum Gas Demand Outlook weak; PDH and blending sectors delay procurement amid thin margins.
- Liquefied Petroleum Gas Price Index shows correction driven by inventory builds, exports and subdued offtake.
- Export demand weakness and freight volatility constrained arbitrage, keeping Liquefied Petroleum Gas spot assessments pressured.
Why did the price of Liquefied Petroleum Gas change in September 2025 in APAC?
- Surging Middle East and U.S. shipments expanded imports, building Chinese inventories, weighing on CIF assessments.
- Weaker downstream demand from PDH and blending sectors reduced offtake, limiting restocking and bearish sentiment.
- Declining crude feedstock costs lowered production expenses, export parity, while freight fluctuations affected landed competitiveness.
Europe
- In Germany, Liquefied Petroleum Gas Price Index fell by 1% quarter-over-quarter, reflecting weak seasonal demand.
- The average Liquefied Petroleum Gas price for the quarter was approximately USD 1053.67/MT, Hamburg FD.
- Liquidity-constrained river transport increased freight in July, pressuring landed costs while Liquefied Petroleum Gas Spot Price ranged.
- ARA and Hamburg offers capped arbitrage, influencing Liquefied Petroleum Gas Price Index dynamics, limiting upside.
- Crude fluctuations tempered Liquefied Petroleum Gas Production Cost Trend, reducing sellers' willingness to push premiums.
- Butane blending recovery improved Liquefied Petroleum Gas Demand Outlook, prompting selective pre-season purchasing by refiners.
- Robust inventory abroad pressured import economics, shaping near-term Liquefied Petroleum Gas Price Forecast softness overall.
- Congestion Northern European ports tightened supply chains, creating inland differentials reflected in the Price Index.
Why did the price of Liquefied Petroleum Gas change in September 2025 in Europe?
- While prices held steady, the overall market tone shifted toward bullishness as September began. Renewed bidding interest in the European propane large cargo segment, tightening contango in the forward curve.
- Elevated Rhine transport costs and port congestion raised logistics expenses, partially offsetting downward pressure overall.
- High exporting inventories and subdued arbitrage limited import-driven support despite modest crude-related manufacturing cost increases.
MEA
- In Saudi Arabia, the Liquefied Petroleum Gas Price Index fell by 13.6% quarter-over-quarter, reflecting oversupply.
- The average Butane price for the quarter was approximately USD 508.33/MT, per assessments.
- Liquefied Petroleum Gas Spot Price remained pressured by inventories and weak Asian procurement, widening arbitrage.
- Liquefied Petroleum Gas Production Cost Trend eased as crude feedstock softened, lowering ex-works offers regionally.
- High inventories and exports pushed the Liquefied Petroleum Gas Price Index lower despite balanced supply.
- Liquefied Petroleum Gas Demand Outlook remains muted with weak blending and PDH activity delaying recovery.
- Short-term Liquefied Petroleum Gas Price Forecast indicates range-bound September levels before possible modest autumn appreciation.
- Export demand remained selective, with freight and arbitrage dynamics continuing to influence LPG market balances.
Why did the price of Liquefied Petroleum Gas change in September 2025 in MEA?
- Regional oversupply from increased Middle Eastern exports raised inventories, keeping stable September prices.
- Easing crude feedstock costs reduced LPG production cost trend, enabling exporters to cut selling prices.
- Soft regional demand and weak PDH margins in Asia limited offtake, keeping spot interest subdued.
South America
- In Brazil, the Liquefied Petroleum Gas Price Index fell by 10.09% quarter-over-quarter, due to logistics.
- The average Butane price for the quarter was approximately USD 546.67/MT, CFR Santos.
- Liquefied Petroleum Gas Spot Price softened as ample US inventories and rerouted barrels improved availability.
- Liquefied Petroleum Gas Price Forecast shows firmness as blending restocking and subsidy demand support prices.
- Liquefied Petroleum Gas Production Cost Trend rose as crude and freight increases pressured landed economics.
- Liquefied Petroleum Gas Demand Outlook strengthened as voucher rollout and blender pre-buying raised regional uptake.
- Inventory builds in Atlantic contained upside, while Petrobras operations and port congestion affected supply.
- Export flow shifts and shipping delays limited prompt availability, while distant inventories moderated price pressure.
Why did the price of Liquefied Petroleum Gas change in September 2025 in South America?
- Voucher-fuelled household demand and blender pre-stocking increased prompt consumption across voucher-dense Brazilian regions in September.
- Higher crude and freight elevated production and landed costs, further tightening arbitrage and pressuring margins.
- Port congestion, vessel waits and rerouted US barrels disrupted logistics, creating localized tightness across Brazil
