Weekly Mont Belvieu Propane – Butane prices – July 23rd, 2021
Our assessment for last week daily Mont Belvieu propane and butane in USD/mt (3% and 2% down respectively on weekly average):
19th July: 548.2; 548.7
20th July: 539.4; 539.1
21st July: 551.1; 554.9
22nd July: 563.0; 565.7
23rd July: 568.2; 573.9
LPG Butane prices rebounded from the lowest position in a month to 574 USD/MT. A ranging movement of prices is likely to continue under 600USD/MT till the end of summer ( September end).
On the local side of the market, the highest depot price remained at N7.2 Million per 20 MT. Retail prices also remained around N6000 per 12.5kg and we expect this trend to continue in the coming week.