Weekly LPG Mont Belvieu And Nigerian LPG Price Review April 17th 2025

By Godwin Okoduwa ــ Last Update 23 April 2025

Weekly Mont Belvieu Propane-Butane Price Overview: April 17th, 2025

14/04/2025: Propane $425.9 / Butane $392.7

15/04/2025: Propane $424.3 / Butane $389.9

16/04/2025: Propane $447.4 / Butane $396.7

17/04/2025: Propane $449.7 / Butane $400.8

LPG Prices rebound bullish

Last week, prices rebounded as the Trump-driven US-tariff uproar settled during the week. While propane prices closed at an average weekly price of $433/MT, a 9% increase in price against the previous week, Butane prices closed at $392.8/MT, a 4.6% increase against the previous week's average price.

LPG Price Trends

The initial market anxiety over former President Trump's proposed tariff escalations subsided mid-week, calming energy markets. The perceived de-escalation reduced concerns of supply chain disruptions and helped restore bullish sentiment in commodities, including LPG.

Notably, propane surged mid-week to $447.4 and later $449.7 per MT, signaling renewed buying interest and likely speculative positioning in anticipation of tighter near-term supply.

US LPG export volumes remain robust, particularly toward Asia. This supports propane prices more strongly than butane, reflecting higher global demand elasticity for propane in petrochemicals and heating applications.

LPG prices could remain firm in the near term if global macroeconomic signals stay neutral to positive and export demand holds. However, the market will remain sensitive to any renewed political volatility, especially regarding US-China trade rhetoric, Middle East geopolitics, and OPEC+ commentary on LPG-linked crude fundamentals.

Crude oil prices edged higher over the week

WTI closed at $64.68, up from $61.50 in the previous week, while Brent settled at $67.96, up from $64.76 the prior week, reflecting a cautiously optimistic sentiment across energy markets.

Global markets breathed a sigh of relief after the Trump-driven tariff anxieties eased, creating a more stable backdrop for oil trading.

An emerging factor to watch is the strengthening diesel margins globally, supported refinery demand, keeping upward pressure on crude prices. Also, relative calm across key geopolitical hotspots, particularly in the Middle East, allowed traders to focus more on fundamentals, which remain moderately bullish.

Nigeria LPG depot prices spike as expected.

LPG depot prices in Lagos increased to circa 18 million per 20MT at most depots in Lagos, for most of the week. Other depots in the South-South are yet to respond at the same level. We expect the upward price trend to continue in the coming weeks.

LPG Retail Prices resume upward trend.

Retail LPG prices showed varying trends within Lagos, selling from as low as N13,750 in Lekki to as much as N15,000/12.5kg in other parts.

Visit the LPG forum to share local Retail prices and participate in the discussion.