Japan’s Tokyo Electric Power Company bought around 100,000 mt of LPG in November — down 17% from 120,000 mt initially projected for the month — and does not plan to buy for December, due to high prices, a source close to the matter told Platts Tuesday. Tepco used around 70,000 mt of LPG in November, down 30% from 100,000 mt planned earlier, the source said. The utility currently does not intend to buy LPG in December as it reevaluates its demand-supply position, although it had initially planned to buy for month to meet winter demand, the source added. Instead, Tepco is now looking to use its LNG and oil stocks for December. It could still buy some LPG if demand spikes and only if it is necessary, the source added.

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