CompanyEconomyInternationalInternational BusinessInternational updatesLaunchPress ReleaseTech UpdatesTechnology

Argus launches China propane and butane prices as demand booms

Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices. Surging imports of LPG

By PR Newswire

Argus launches China propane and butane prices as demand booms:BEIJING, Jan. 28, 2021  — Surging imports of liquified petroleum gas (LPG) to China have prompted energy and commodity price reporting service Argus to launch new indexes for propane and butane delivered at eastern China’s port of Ningbo.

Argus Media Logo (PRNewsfoto/Argus Media)


China has become the largest consumer of LPG in the world, importing over 20mn t in 2019, and accounting for more than a fifth of global seaborne trade. Chinese LPG imports are forecast to rise by more than a fifth this year, driven by soaring petrochemical demand.

LPG is used as a raw material by petrochemical plants, and a raft of new projects opened in China last year with more scheduled for 2021.

The growth in LPG demand has created the need for an import price that recognises the specific conditions of the Chinese market. As a result, Argus has been working with companies operating in China to develop the CFR (delivered) Ningbo price, published daily in the Argus International LPG report.  

To facilitate LPG trade into Ningbo, Argus is simultaneously launching an associated screen on its Argus Open Markets platform, which introduces potential buyers and sellers.This was conveyed to Prittle Prattle News through a Press Release.

“This new price reflects China’s key and growing role in international LPG markets. We expect that Chinese buyers will use the new assessment when pricing imports,” Argus Media chairman and chief executive Adrian Binks said. “We know there is also demand for a relevant and accurate benchmark to underpin the development of a local derivative market so that Chinese companies can hedge the risk to which they are exposed. We expect that the Ningbo price will perform this role for China.”

Contact information

London: Seana Lanigan

+44 20 7780 4200

Email Seana

Singapore: Tomoko Hashimoto

+65 6496 9960

Email Tomoko

Moscow: Alexey Komarov

+7 495 933 75 71

Email Alexey

Houston: Matt Oatway

+1 713 968 0000

Email Matt


It is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Itproduces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.

Companies in 140 countries around the world use  data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.

It was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.

ARGUS, the logo,  MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.



What's your reaction?

Related Posts

1 of 1,067