Propane Spot Prices Steady Amid Mild Winter and Export Support

Export Demand

Exports remain the key support for propane prices. Competitive pricing against naphtha has kept propane in high demand as a feedstock for plastics manufacturers overseas, ensuring a steady stream of cargoes leaving US ports.

Weather Factor

Domestic demand remains lackluster due to unseasonably warm temperatures in the US. Without a sustained period of cold weather to draw down inventories, upside price potential remains limited in the near term.