Liquefied Petroleum Gas Prices Trend and Forecast

May 9, 2023
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Id: 46948
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Brand Name: HTC
Property Type: Commercial

Liquefied Petroleum Gas Prices in the German market had witnessed mixed sentiments during Q1 2023 as the supply of the product in the German market grew due to an increase in imports from the Middle East. Moreover, the LPG market in Germany was further affected by a labor strike at the Hamburg port and several protests across various countries in Europe. Liquified Petroleum Gas prices in the German market were assessed at USD 1108/MT during the last of the quarter. The European market had a modest supply of LPG because falling energy prices countered rising upstream crude oil prices caused by the sanctions against Russian imports.

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