The Kuwait Petroleum Corporation (KPC) today announced its May 2024 pricing for liquefied petroleum gas (LPG) products through an official statement to Kuwait News Agency (KUNA):

• Propane: $610permetricton\text{•}\ast \ast Butane\ast \ast :$590 per metric ton

Market Context:
These LPG products serve critical dual purposes:

1. Industrial Applications: Primary feedstocks for petrochemical production

2. Consumer Uses: Cooking fuel, heating, and various household/commercial applications

Pricing Factors:
KPC's monthly pricing reflects:
✓ Crude oil price fluctuations (primary determinant)
✓ Global supply-demand dynamics
✓ Seasonal market variables

The $20/ton premium for propane over butane aligns with current market differentials for these commodities.

Technical Note:
As benchmarked products in energy markets, propane and butane prices typically exhibit:

• 85-90% correlation with Brent crude

• Greater volatility during winter demand peaks

• Regional price variations based on logistics costs