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US propane exports rose by 32 million barrels over the first seven months of 2024, preventing a large inventory buildup despite record production of 561 million barrels. China and Japan were the largest contributors to higher imports.
A propane export terminal's maintenance shutdown earlier had caused cash prices to fall nearly 15%.
Export flows now drive propane prices more than domestic supply, so export disruptions move cash prices sharply. This has little direct bearing on feed commodities.
fuelsmarketnews.comKeith ReidOct 17, 2024After 102 past trade events, Natural Gas moved a median +1.1% over 5 sessions (57% higher; middle half -4.4% to +9.6%), and +4.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
