LPG Weekly Report — 06 November 2026

VLGC freight rates saw a steady uptick with Ras Tanura–Chiba and Houston–Flushing routes marked at USD 261 and USD 181 per metric ton, up 4.20 and 6.17 respectively. The East of Suez market remains firm amid a tight vessel supply, with notable fixtures including a prompt Vadinar STS requirement at high USD 200k pdpr, while US Gulf freight dynamics reflect healthy activity driven by available tonnage, allowing rates to hold around USD 320 per metric ton for prompt voyages. Geopolitical uncertainties have influenced the FOB market, leading to softening of offers despite ongoing seller interest for December cargoes, with bids emerging just below mid/high single-digit premiums, indicating a cautious outlook as the market adjusts to shifting crude volatility.