North Sea propane prices increase on tight availability

摘要

London — The price for spot cargoes of North sea propane has risen because of tight availability, with BASF, Borealis, Dow Chemicals and Sabic all reported by sources to be receiving significant quantities. In the absence of cold weather in Northwest Europe, petchems are the main outlet for surplus North Sea propane, which is used as an alternative feedstock to naphtha when CIF propane is cheaper than CIF naphtha.