Emerging winter demand propels Asian LPG higher

摘要

Singapore—Asian LPG prices shot to a 10-month high of $388.50/mt Friday, waking up from a protracted slumber, as robust appetite from China to stockpile for winter and a high-priced deal by Saudi Aramco this week set the stage for firmer prices, market sources said Friday. “[There is] strong demand since winter is coming,” said a source with a Chinese company. The price was last higher on January 4, the first trading day of the year, at $385/mt, data from S&P Global Platts showed.