The May BP Agreed Price (BPAP) was set at 498/t for propane,an increase of 20/t from the April BPAR.Record-high crude prices helped drive northwest European propane prices above 530/t cif ARA,up by 30/t in a month.But prices relative to naphtha have come under pressure,with propane at a discount of around 94/t to naphtha.
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