LPG行业周报-20250901

Core View - The decline in port inventory and the stabilization of the cost side support a short - term rebound, but the increase in supply and warehouse receipt pressure restrict the upside space, and the near - strong and far - weak structure continues [4] - Weekly port inventory decreased on a week - on - week basis. The decline in import arrivals eased supply pressure and supported spot sentiment [3] - The stabilization of crude oil and the maintained advantage of the naphtha - propane spread provided short - term support for chemical demand [3] - The resumption of refinery production drove a week - on - week increase in the commercial volume, and the pattern of loose supply continued [3] - The PG2509 contract faced the pressure of historical high - level warehouse receipts, and the delivery contradiction remained unresolved, limiting the rebound space of the near - month contract [3] Data Charts - The report includes data charts on propane, such as the Far East CIF price FEI, FEI and Brent ratio, PDH profit/operating rate, FEI/MOPJ spread, FEI discount, Middle East FOB discount, US FOB price, MB and WTI ratio, VLGC freight, US propane weekly production, import volume, inventory, and export volume [5][9][12][15][17]