20251202-永安期货-LPG早报_1页_1mb
报告摘要
LPG Market Update - 2025/12/02
| Date | Price Changes (Main Gas) | Comments |
|---|---|---|
| 2025/11/25 | +$100, +$53, +$10 | Prices steady |
| 2025/11/26 | ||
| 2025/11/27 | ||
| 2025/12/01 | +$380, +$100 | CP prices announced |
- Friday market: LPG prices rose, with华东 at 4323 (+$13), 山东 at 4460 (+$10), 华南 at 4360 (+$25). Ethers after carbon four at 4490 (+$10).
- Basis fluctuated: min basis at华东 -8, Jan-Feb spread +8.
- CP prices announced: Propane-butane at 495/485 USD/ton (+20/+25).
- Prices declined in spread, basis weakened.
- Demand supports Chinese market; US-Middle East arbitrage opens due to winter shortages.
- Overall outlook: High domestic valuation; monitor weather and oil prices.
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