Weekly Mont Belvieu Propane-Butane Market Update – September 11th, 2025

By Ehi Okoduwa ــ Last Update 15 September 2025

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LPG Daily Averages:

08/09/2025: Propane $354.8 | Butane $397.1

09/09/2025: Propane $358.5 | Butane $401.3

10/09/2025: Propane $361.0 | Butane $402.9

11/09/2025: Propane $350.7 | Butane $399.8

LPG Price Trend undecided

LPG prices hardly moved last week, with the weekly price of Propane unchanged and Butane with a marginal increase.

Propane averaged $354.0/MT, 0% or no changes from last week’s price.

Butane averaged $400.3/MT, up 0.2% from last week’s $399.4/MT.

LPG prices didn't turn up as expected. However , we expect prices to go the same way crude oil prices went last week; bullish in the near term.

Crude Oil prices rebounds but still range-bound.

Despite the OPEC+'s decision on the unwinding of the 1.65 million Barrel per day, prices went bullish. Certain factors may have triggered Crude oil prices rebound last week; the recent escalation of attacks in the Russia - Ukraine war and US sanction threat against in India and China. The IEA also revised their global demand projections by 60,000 b/d to 740,000 b/d - more demand is always a good trigger for bullish price trend.

WTI closed at $63.27 up from $61.64.

Brent edged higher to $67.42, up from $65.25 the prior week.

Though prices went bullish , they are still range-bound and hasn't broken the 70 USD mark since March and may be heading back to 62 USD level - the level before the Israel- Iran war.

Nigeria LPG Market: Depot prices stable amid some scarcity.

Queues mount at Gas processing plants in the South- South due to scarcity. Stockgap Depot was out of stock and it piled pressure on the existing processing plants ( KHL and Panocean ).The PTD/NUPENG strike also destabilized the market ,as drivers down - tool briefly in protest against Dangote's policy which seems to prevent drivers from joining the Union - there seem to be challenges with reaching a lasting resolutions, even after the intervention of the Federal Government. Prices stayed at around 16.9 Million in Apapa, while depot price at Dangote stayed at 15.4 Million - though loading hasn't been as at previous levels.

Retail LPG: Relatively stable prices.

Retail prices remained relatively stable . Reports suggests that prices are now at 1000/kg (12,500 for a 12.5kg cylinder) in Lekki, reflecting a response to the seeming scarcity.