Petrochemical Feedstock Bid

Cheap propane is attracting interest from global crackers who are switching away from high-priced naphtha. This industrial bid is preventing a deeper collapse in spot prices as PDH plants in China maximize utilization.

Inventory Squeeze

U.S. propane stocks are currently 12% above the five-year average. This healthy buffer is preventing the energy-driven price spikes seen in the crude oil market from spilling over into NGLs.