Summary
US Mont Belvieu (TET) propane found support in the fortnight ending 11 Feb, climbing from 84.50c/gal on 28 Jan to above 89c/gal on 11 Feb. Expectations of colder weather in the coming two weeks have supported expectations of heating demand in the US, with the National Weather Service predicting colder-than-normal temperatures across the US Eastern coast, Gulf Coast and the US Midcontinent between 17 and 25 February.
Subscribe to Onyx Insights to unlock this research
Insights is the proprietary research arm of Onyx:
the #1 liquidity provider of oil swaps
OR