Indian state-controlled oil marketing companies have raised commercial LPG cylinder prices for August after cutting prices for four consecutive months since April. A 19kg commercial LPG cylinder in Delhi now costs 1,652.5 rupees ($20), up by Rs6.5 from a month earlier, and in Mumbai costs Rs1,605, up by Rs7 from a month earlier. Prices in Kolkata rose by Rs8.5 to Rs1,764.5, while prices in Chennai rose by Rs7.5 to Rs1,817, state-controlled refiner IOC's website shows. Prices for 14kg residential cylinders remained at Rs803 in Delhi, Rs802.50 in Mumbai, Rs829 in Kolkata and Rs818.50 in Chennai.
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Iran says Hormuz closed; US says flows intact
Iran says Hormuz closed; US says flows intact
London, 20 June (Argus) — The US and Iran issued conflicting accounts of conditions in the strait of Hormuz on 20 June, with Tehran saying it has closed the waterway, while Washington said commercial shipping continues to transit. Iran's claim — carried by the IRGC-affiliated Tasnim news agency and citing the Khatam al-Anbia Central Headquarters — said the strait had been closed to vessel traffic in response to continued Israeli strikes in southern Lebanon following a ceasefire with Lebanese militia group Hezbollah, which it said breached commitments under the recent memorandum of understanding with the US. The headquarters characterised the move as a "first step" and warned further measures could follow if hostilities persist. But US Central Command (Centcom) indicated no disruption to flows, saying 55 merchant vessels transited the strait during the day, carrying more than 17mn bl of oil to global markets. Safe passage through the waterway "remained intact", it said, with US forces operating in the area to support freedom of navigation. No shipping incidents were reported in the region on 20 June. Ship-tracking data also show vessel traffic via the strait of Hormuz continues. The 26,361dwt LPG tanker Pacific Star I continued its passage, and no U-turns were detected as of 23:00 BST (22:00 GMT) on 20 June. Some vessels may have switched off their Automatic Identification System (AIS) signals, while others may have stopped. The 56,880dwt bulk carrier KSL Qingyang halted earlier on 20 June after almost crossing the strait eastwards, Kpler data show. Some tankers appear to be favouring a southern route closer to Omani shores. The VLCC Angola B , sailing from Zirku Island in the UAE, crossed the strait near Omani waters earlier, but may have switched AIS off afterwards. The ballast VLCC Bahrain Prosperity passed westwards through the strait near Omani shores into the Mideast Gulf on 20 June, according to Kpler data. Two more VLCCs, Monaco Loyalty and Gulf Sunrise , were approaching the entrance to the strait near Oman but may have switched AIS off around the time Tasnim reported the closure, Kpler data suggest. US president Donald Trump has not commented directly on the reported closure of the strait but addressed the issue of tolls in a post on the Truth Social platform, saying there would be no charges during the 60-day negotiating period and none afterwards unless the US chose to impose them if no final deal with Iran is reached. Iranian state media reported that a delegation had arrived in Switzerland ahead of talks with US negotiators, led by vice-president JD Vance. "I think we're going to hopefully make progress on the nuclear issue, make progress on the Lebanon ceasefire issue," Vance said before boarding his flight. Israel carried out a strike on Hezbollah on 19 June despite the ceasefire, prime minister Benjamin Netanyahu said. Israel's foreign ministry accused Hezbollah of "violating the ceasefire and attacking Israeli civilians". By Andrey Telegin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Workers to end strikes at Australia's Ichthys LNG
Workers to end strikes at Australia's Ichthys LNG
Sydney, 17 June (Argus) — Workers at the 9.3mn t/yr Ichthys LNG project based in Australia's Northern Territory have agreed on a new pay deal, ending weeks of strikes across three facilities that delayed some cargoes. More than 400 staff endorsed the enterprise bargaining agreement (EBA) on 17 June, the Offshore Alliance union said, calling the new EBA "the best in the oil and gas industry" with improved job security, pay and career progression. Unions have notified Ichthys operator, Japan's Inpex, that strikes will cease by 6pm Australian Western Standard Time (10am GMT) today. Workers voted to endorse protected industrial action in May and began minor strikes on 2 June , escalating to loading bans and eight-hour stoppages on 11 June. Australia's workplace court the Fair Work Commission on 14 June rejected an application by Inpex to halt the strikes due to economic impacts , despite finding that industrial action threatened to cause a full production stoppage at Ichthys. Unions responded by promising to extend the strikes past 23 June. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
German LPG demand recovers in 2025 as prices fall
German LPG demand recovers in 2025 as prices fall
The heating sector drove the recovery in consumption with help from a post-pandemic motorhome boom, writes Waldemar Jaszczyk London, 16 June (Argus) — German LPG demand grew in 2025 for the first time in three years as lower prices encouraged consumers to abandon energy-saving measures introduced after Russia's full-scale invasion of Ukraine in early 2022. Domestic consumption — excluding petrochemical feedstock use — among members of LPG association DVFG rose by more than 9pc on the year to 1.3mn t in 2025, after a 3pc contraction the previous year, the association says. The heating sector drove the recovery, with use increasing by nearly 10pc to 868,000t. Lower LPG prices boosted demand after years of conservation prompted by the start of the Ukraine war, which pushed energy prices sharply higher across Europe. Northwest European LPG prices succumbed to supply pressure last year as the US-China trade war pushed record volumes of US LPG to Europe. The propane fca Amsterdam-Rotterdam-Antwerp (ARA) assessment for 45t cargoes fell by more than 30pc from 2022 to an average $602.50/t. Railcar premiums to the large cargo cif ARA benchmark almost halved to $117.50/t after the market accommodated additional eastern European demand created by the EU embargo on Russian LPG. Heating demand also benefited from the gradual dismantling of Germany's natural gas distribution network, with households often switching to LPG as an off-grid fuel, DVFG says. Industrial consumption rose by 19pc on the year to 165,000t following a recovery in economic activity after a prolonged slump. Germany's economy returned to growth last year after two years of recession, expanding by 0.2pc, according to the federal statistical office. The downturn had weighed heavily on industry, particularly chemicals, causing a 6pc contraction in LPG use during 2023-24. Cylinder LPG consumption rose by 5pc to 155,000t, driven by a post-pandemic motorhome market boom. Motorhome numbers more than doubled from 2020, exceeding 1mn units last year. The gains more than offset a 22pc fall in autogas use to 69,000t as LPG vehicles were hit by wider weakness in combustion engine sales. Germany's autogas fleet shrank by over 5pc to 284,500, as new vehicle registrations fell by 12pc to 12,000, according to the federal motor transport authority. The surge in international LPG benchmarks since the US-Iran war began could push the German market off its recovery path this year, even in the wake of the recent peace deal. ARA railcar prices hit a four-year high of $1,078/t fca in March after low stocks and rising costs for US imports pushed break-bulk terminals at the hub to raise spot offers. Inland buyers rapidly retreated in the face of higher offers, bringing the spot market to a standstill. Values eased on rising refinery supply and milder weather to $602/t by mid-June, but were still $70/t higher than a year ago. Bio beginnings DVFG disclosed domestic renewable liquid gas (RLG) sales for the first time at 4,500t in 2025 — around 0.04pc of the total. Uptake was limited by steep premiums to fossil-fuel LPG, the association says, although the gap has started to narrow. The biopropane fca ARA premium to large cargoes dropped to about $800/t in June from $921/t in 2025 and $1,040/t in 2024, as voluntary demand failed to keep up with rising availability from higher hydrotreated vegetable oil and sustainable aviation fuel output. Germany's newly proposed buildings modernisation act (GMG) could boost RLG demand. The draft, which aims to take effect on 1 July, rolls back key provisions of the 2023 building energy act in favour of a technology-neutral approach by shifting obligations from consumers to fuel distributors. But the policy shift could still be reversed locally because the draft allows federal states to impose stricter climate measures beyond GMG. Hamburg, for example, moved in May to seek stronger powers over heating laws to achieve carbon neutrality by 2040. German DVFG member sales '000t 2025 2024 ±% Heating 868.1 790.5 9.8 Cylinder 155.4 147.8 5.2 Bulk 712.8 642.8 10.9 Propellant 48.5 49.3 -1.5 Autogas 69.3 88.8 -22.0 Industry 164.7 138.3 19.1 Wholesale 162.3 135.1 20.0 Total 1,313.0 1,202.0 9.2 — DVFG Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
China LPG import demand splits as PDH runs grow
China LPG import demand splits as PDH runs grow
PDH operating rates have rebounded while ample domestic LPG supply from refineries has dampened import demand from China's other sectors Shanghai, 16 June (Argus) — China's LPG import demand continued to diverge in June, with propane dehydrogenation (PDH) plants buying more propane in response to stronger margins but demand from all other sectors remaining depressed. Higher propane-to-polypropylene (PP) production margins encouraged some Chinese PDH plants to restart this month, which has lifted propane import demand. Domestic PDH operating rates could rebound to 70pc by the end of the month having hit 63pc on 5 June, after falling to as low as 47pc in April as a result of the disruption caused by the US-Iran war. The recovery comes as declining PP unit run rates and dwindling inventories have lifted Chinese PP prices. PP unit utilisation fell to a low of 65pc in the week ending 6 June , down by 15 percentage points from before the start of the war and by 11 percentage points compared with a year earlier. Chinese PP raffia ex-works prices rose by 47pc from the start of the war to 9,775 yuan/t ($1,445.40/t) by 12 June, while the Argus Ningbo Index (ANI) for propane imports to east China increased by 13pc to $780.25/t. The improving profitability is expected to lift PDH run rates at facilities with associated import terminals to around 71pc in July, and to 64pc for those buying trucked propane at higher costs, Argus data show. Chinese buyers continued to procure propane for their feedstock needs rather than for storage, market participants say. But it is still unclear whether new PDH plants that had been scheduled to start up this year will do so. State-controlled Sinopec Zhenhai's 600,000 t/yr PDH project in Zhejiang was expected to start up in the middle of this year, but it has yet to do so and it is unclear if it will happen soon. The rise in demand from PDH plants comes as ample domestic LPG supply from refineries caps import demand from China's other sectors during a summer lull. Refineries have produced and sold more LPG because of weak demand and margins for other transport fuels, traders say. The gasoline crack spread at Bohai bay in northeast China returned to a positive $3.46/bl on 15 June, having been negative since March, but was still down from $8.33/bl on 27 February, Argus data show. Domestic LPG prices have meanwhile risen significantly since the start of the war in the Middle East, further incentivising refiners to produce more LPG. Prices at Sinopec Guangzhou's refinery in south China rose by 41pc to Yn6,660/t by 15 June, while the Pearl River Delta Index, covering prices at import terminals in the region that serves the wholesale market, rose by 41pc to Yn6,718/t. A seasonal decline in wholesale propane demand is also raising refinery supply availability, with this tending to be butane heavy. Glass half MTBE Negative production margins for gasoline component MTBE — which is largely produced from butane — as a result of higher butane prices and low road fuel demand has also weighed on China's butane imports. The MTBE ex-tank price in east China rose to $780.30/t by 5 June, up by 28pc since the start of the US-Iran war, while the butane ANI price rose by 43pc to $924.50/t. even after a series of shutdowns in May . Higher propane prices compared with naphtha also capped demand from China's flexible ethylene steam crackers. The naphtha Japan c+f price stood at $745.60/t on 9 June, a $71/t discount to the propane ANI price. Most ethane and LPG mixed-feed crackers continued to procure LPG , except for one 1.2mn t/yr cracker in north China that stopped buying LPG as it maximised internal use of naphtha and imports of ethane. China's ethane imports were estimated to reach 983,000t in June, just below the record level in April, data from analytics firm Kpler show. China PDH operating rates China propane ANI, PP prices Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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