Summary
International propane continued to see bullish interest this fortnight, although this strength was more reflected in spreads than in flat price, with the latter drifting lower in line with the weakness in crude. This strength in spreads was most pronounced in Saudi (CP) propane, with the Q4/Q1’25 CP propane spread climbing from $10.50/mt on 30 Aug to just shy of $20/mt on 10 Sep before easing off to $17.15/mt on 11 Sep (at the time of writing).
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