Propane Spot Prices Moderate as Winter Heating Peak Subsides

Inventory Cushion

U.S. propane stocks remain well above the five-year average. This cushion ensures that even with localized cold-weather demand spikes, domestic heating costs will remain relatively stable compared to 2024 levels.

Export Flows to Asia

Consistent export volumes to Asian chemical hubs remain the primary factor preventing a deeper slide in spot prices. Propane remains the preferred feedstock for global crackers over more expensive naphtha alternatives.