Propane Spot Prices Steady on Record NGL Output from the Permian Basin

The Inventory Buffer

U.S. propane stocks are entering the heart of winter well above the five-year average. With mild weather forecasts for late January, the market is currently oversupplied, favoring industrial buyers and petrochemical crackers who can switch feedstocks away from more expensive naphtha.

Export Dominance

Record export loadings to Asian petrochemical hubs are the primary factor preventing a deeper price slide. U.S. propane remains the most competitive feedstock for global plastics production, ensuring a steady outflow from Gulf Coast terminals.