Propane Spot Prices Steady Amid High Inventory and Feedstock Switching

image-alt-text

Petrochemical Demand Support

Cracker operators are increasingly switching from naphtha to propane where possible to preserve margins. This 'feedstock switching' is preventing a deeper price correction in the face of unseasonably high inventory levels.

Export Markets

Global demand for US propane remains a critical valve for domestic supply. Shipments to Asia for LPG-to-olefins production are maintaining a steady pull on Gulf Coast stocks.