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Propane Spot Prices Slip as Unseasonably Warm Weather Destroys Heating Demand

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Published: February 21, 2026

Inventory Overhang

U.S. propane stocks are currently well above the five-year average. With the peak heating window closed, the market is now entirely dependent on petrochemical demand.

Petrochemical Feedstock Shift

Cheap propane is attracting interest from global crackers who are switching away from naphtha to capture better margins, preventing a deeper price collapse.