Weekly Mont Belvieu Propane – Butane prices – July 16th, 2021
Our assessment for last week daily Mont Belvieu propane and butane in USD/mt (0.1% down and 0.4% up respectively on weekly average):
12th July: 565.3; 560.3
13th July: 568.5; 566.7
14th July: 572.5; 570.5
15th July: 574.7; 569.6
16th July: 573.3; 571.3
LPG Butane prices movement was ranging between the previous week’s high and low, for the week ending 16th July 2021. This is likely to continue and we may not see a 600USD/MT before the end of the summer ( September end).
On the local side of the market, the highest depot price of N7.2 Million per 20 MT ( the highest LPG depot price ever). Retail prices also hit N6000 and above in some parts of the country.