Petrochemical Feedstock Bid

High naphtha costs are forcing global crackers to bid aggressively for propane as an alternative feedstock. This industrial pull is preventing the usual seasonal price drop seen in previous years.

Logistical Bottlenecks

State-level energy emergencies have been maintained in several regions to protect homeowners. The global maritime backlog continues to affect NGL (Natural Gas Liquid) distribution, keeping spot availability tight.