Propane Spot Prices Firm on Strong Petrochemical Demand

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Petrochemical Feedstock Bid

Low propane prices relative to aromatic-heavy feedstocks are attracting significant interest from global ethylene producers. This industrial bid is offsetting the seasonal decline in residential demand.

Export Markets

Strong export inquiries for NGLs destined for Asia have slowed the seasonal inventory build, keeping spot prices slightly higher than seasonal five-year averages.