ResearchIndustry2026-10-18
LPG tracks the dollar; a 0.7% stronger yuan cracks open PDH margin
LPG sits in SNSUC's thirteen-category book as a non-hazmat line, imported in dollars. With USD/CNY at 6.687 — yuan about 0.7% firmer on the day — the CNY cost of delivered propane eases, lightening the feedstock pressure on PDH (propane dehydrogenation) units.