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April 20 International liquefied gas market enthusiasm for procurement rises
For the Far East-to-shore market, the propane price was 730-750 U.S./ton in the first half of May to the second half of May, and the price of butane was 720-745 U.S. dollars per ton. In the Japanese market, the propane price in May was 740-750 U.S./ton, and the butane price was 730-745 U.S./ton. In the Middle East offshore market, the propane price in May was 700-710 USD/ton, and the butane price was 695-710 USD/ton. In the second half of May, the pressure cargo market is 770-780 USD/ton. In terms of market demand, in the Japanese market, importers and traders still have 2-3 batches of 22,000 tons of equal-availability spot demand in the second half of May. In the Chinese market, there are still 5-6 importers with spot demand in May. Most of them are seeking 22,000 tons of spot stock. A refinery in Taiwan is interested in buying 22,000 tons of spot stock on shore in May. In terms of market supply, Saudi Aramco may have sold a batch of 33,000 tons of propane and 11,000 tons of butane in the first half of May. The Kuwait Petroleum Group issued a bid for sale to sell a batch of 40,000 tons of propane-rich cargoes that were loaded on May 16-17. Iran may still be available for sale, but no market talks have yet taken place. Abu Dhabi National Oil Company and Abu Dhabi Liquefied Gas Co., Ltd. have all shipped in stock for sale in May.