Asia LPG: - 21Jun,2010

https://www.chemnet.com   Jun 22,2010

SAUDI CP PROXY VALUE** FOR CARGOES DELIVERING INTO ASIA:
                                      Propane         Butane
CFR JAPAN/KOREA                      655-657       655-657
CFR S CHINA/TAIWAN                   659-661       659-661
CFR SHENZHEN/SHANGHAI PRESSURIZED    669-671

ASIA PREMIUMS OVER SAUDI CP PROXY VALUES:
CFR JAPAN REFRIGERATED             -2  7-8  -3   -2  7-8  -3
CFR KOREA REFRIGERATED             -2  4-5  -3   -2  4-5  -3
CFR S CHINA REFRIGERATED           +6  2-4  +6   +6  2-4  +6
CFR TAIWAN REFRIGERATED            +6  3-5  +6   +6  3-5  +6

CFR SHENZHEN PRESSURIZED           +9 46-47 +8
CFR SHANGHAI PRESSURIZED           +9 52-53 +8
**Proxy values for the Saudi contract Price are derived from the Saudi CP
Swaps market, and are aligned with loading times required to deliver spot
cargoes into North Asia.

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