Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.

LPG Report: Everyone’s got a Trump card

2 min read

Summary

Key propane benchmarks over the past fortnight have seen a mixed bag of price movements in the fortnight leading up to 05 Nov. The Dec’24 Mont Belvieu TET propane contract (C3 LST) saw more support this fortnight but saw rising choppiness into the new month, with trade houses selling 300kb of the Dec/Jan’25 LST spread this week from Onyx, despite buying the flat price contract. LST’s support emerges from bullish EIA stats, with US propane inventories printing their third consecutive draw on 06 Nov’s report (which showed a 1.021mb draw in the week ending 01 Nov). It will be interesting to see how Donald Trump winning the US presidency will shift market dynamics regarding propane flow, especially with the President-elect’s plans to place tariffs on US exports.

Subscribe to Onyx Insights to unlock this Research

Insights is the proprietary research arm of Onyx: the #1 liquidity provider of oil futures
OR

Share on

Traders also read...

Follow Us

Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.