Summary
US Mont Belvieu TET propane (LST propane) strengthened this fortnight, on a flat price basis, with the Oct’24 contract climbing from 68.25c/gal on 11 Sep to 73.50c/gal on 24 Sep. Prompt LST propane spreads have seen more volatility this week, with the soon-to-be-prompt Nov/Dec’24 spread first plummeting from -0.75c/gal to -1c/gal between 11 and 13 Sep to then firming up to -0.50c/gal on 17 Sep only to ultimately sell-off to -1c/gal the following week.
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