A counter-seasonal increase in U.S. LPG exports reflects the strong response of export demand to competitively priced LPG. High exports also maxed out U.S. export infrastructure, a reminder that soon a lack of LPG export infrastructure will strand propane and butane in the U.S., causing the North American and international markets to decouple – again.
Hellenic Shipping News Worldwide:
“LPG will be a fast-moving market for the next couple of years,” comments Andrew Reed, ESAI Energy’s Head of NGLs. “The LPG market is prone to imbalances, so one might expect the expansion of supply to lead to a glut that would hamper prices and U.S. exports. But China will soak up more and more LPG in 2019, keeping exporters happy.”