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Asia LPG market near contango on weak pre-summer N Asia demand, ample supply | Hellenic Shipping News Worldwide


Asia LPG market near contango on weak pre-summer N Asia demand, ample supply
Softening North Asian heating demand ahead of summer and healthy supply to Asia from the US and Middle East in June have flattened the prompt month market structure and could soon move it into contango for the first time in seven months, trade sources said May 3.
June/July CP propane swaps structure was indicated at parity May 3, steady to the April 30 value, and narrowing from a $4/mt backwardation April 28, S&P Global Platts data showed.
The front month structure has been in backwardation since Oct. 8, after standing at parity Oct . 7 and at a contango of between $1 and $17/mt between Sep. 18 and Oct. 6, according to Platts data. ....

Saudi Arabia , South Korea , Qatar Petroleum , North Asian , Middle East , Energy Transfer Nederland , Marcus Hook , Grieg Shipbrokers , Houston Ship Channel , சவுதி அரேபியா , தெற்கு கொரியா , கத்தார் பெட்ரோலியம் , வடக்கு ஆசிய , நடுத்தர கிழக்கு , ஆற்றல் பரிமாற்றம் நெதர்லாந்து , மார்கஸ் கொக்கி , க்ரீக் கப்பல் தரகர்கள் , ஹூஸ்டன் கப்பல் சேனல் ,

Asia LPG market near contango on weak pre-summer N Asia demand, ample supply


Singapore
Softening North Asian heating demand ahead of summer and healthy supply to Asia from the US and Middle East in June have flattened the prompt month market structure and could soon move it into contango for the first time in seven months, trade sources said May 3.
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June/July CP propane swaps structure was indicated at parity May 3, steady to the April 30 value, and narrowing from a $4/mt backwardation April 28, S&P Global Platts data showed.
The front month structure has been in backwardation since Oct. 8, after standing at parity Oct . 7 and at a contango of between $1 and $17/mt between Sep. 18 and Oct. 6, according to Platts data. ....

Saudi Arabia , South Korea , Qatar Petroleum , Softening North Asian , Middle East , Energy Transfer Nederland , Marcus Hook , North Asian , Grieg Shipbrokers , Houston Ship Channel , சவுதி அரேபியா , தெற்கு கொரியா , கத்தார் பெட்ரோலியம் , நடுத்தர கிழக்கு , ஆற்றல் பரிமாற்றம் நெதர்லாந்து , மார்கஸ் கொக்கி , வடக்கு ஆசிய , க்ரீக் கப்பல் தரகர்கள் , ஹூஸ்டன் கப்பல் சேனல் ,

Up to 11 Feb-loading US LPG cargoes to Asia canceled as arbitrage closes, fog disrupts ships


Up to 11 Feb-loading US LPG cargoes to Asia canceled as arbitrage closes, fog disrupts ships
Around 10 to 11 LPG cargoes loading in February from the US to Asia have been canceled as the arbitrage narrows due to a two-week retreat in Asian prices and disruptions caused by closures of the Houston Ship Channel since Jan. 20, trade and shipping sources said.
The cancellations will reduce US cargo arrivals to Asia to 1.6 million mt in March from 2.3 million mt in February, market sources with close knowledge of the matter told S&P Global Platts.
Lower US volumes, along with Saudi Aramco’s cancellations of February-loading cargoes to up to eight lifters following Saudi Arabia’s decision at the Jan. 5 OPEC+ meeting to cut oil production by 1 million b/d in both February and March, will constrict supply in Asia in March, the sources said. ....

Sabine Pass , United States , Houston Ship Channel , Saudi Arabia , Port Arthur , South Korea , South Korean , Saudi Aramco , North Asia , Energy Transfer Nederland , Platts Analytics , North East , Persian Gulf , ஸெபீந் பாஸ் , ஒன்றுபட்டது மாநிலங்களில் , ஹூஸ்டன் கப்பல் சேனல் , சவுதி அரேபியா , போர்த் ஆர்தர் , தெற்கு கொரியா , தெற்கு கொரியன் , சவுதி அரம்கோ , வடக்கு ஆசியா , ஆற்றல் பரிமாற்றம் நெதர்லாந்து , வடக்கு கிழக்கு , பெர்சியன் வளைகுடா ,