Weekly Mont Belvieu Propane – Butane prices – June 26th, 2021
Our assessment for last week daily Mont Belvieu propane and butane in USD/mt (5.1% and 6.1% up respectively on weekly average):
21st June: 510.6; 508.5
22nd June: 513.5; 517.6
23rd June: 528.0; 529.9
24th June: 535.0; 538.5
25th June: 540.7; 547.3
LPG Butane price continues in an upward trend for the week ending June 25th, 2021. LPG butane price hit the highest price in 2021 at 547.3 USD/MT – actually the highest price in more than 2 years. Incidentally, crude oil prices have hit the highest in more than 2 years at 74 USD per bbl . This increase should affect the expected cargoes coming into the local market this week.