I’ve always found it difficult to understand how on earth anyone makes money with an LPG purchase deal based on Saudi Aramco’s Contract Price (CP). In fact, I’ve rarely found anyone else who knows how it’s done either. But around this time of year, every year, CP becomes the talk of the market, as if it possesses this mesmerizing draw, sucking in believers and non-believers by the score.
It really seems as if the LPG market has tried to move towards a greater degree of homogeneity in recent years, especially in the face of a market that has become far more multifaceted, truly global, more transparent, and increasingly influenced by corporate performance, in relation to stock market valuations. But I think the complexities and differences are far more exciting!