AFEI (Argus Far East Index):
• Propane: 551.5 $/t (-13.5)
• Butane: 567.5 $/t (-17.5)
💬 Spot rates are still higher than the contractual ones, but traders are already planning for a correction. The key question is whether demand will hold up in August, or will seasonal cooling begin?
Japan CFR (price with delivery):
• Propane: $580/ton
• Butane: $600/ton
• AFEI differential: +$28.5/ton for propane
— Demand from Japan remains stable, but without hype.
China CFR (Propane) — 555 $/ton
Decrease in interest against the background of filled storage facilities. Traders are being cautious.
Cargo flows:
• In August, volumes from the Middle East are expected to decrease due to repairs.
• The United States continues to actively ship — tankers go mainly to Asia and Latin America.
Conclusion: Asia is adjusting after a stormy July. Diffs are holding up, but it may not be for long. Freight rates and logistics are the key risks in the coming weeks.
