Gas Market Report: 25 June 2009
LPG MARKETS: NORTH WEST EUROPE: Coaster cargoes: Once again the propane coaster market is on the quiet side. Players on both side are under no pressure to lift nor buy tons. Petchems would more likely be able to pay high 70% of naphtha while sellers are still trying higher levels in line with ARA prices or large cargo economics. The FOB level is talked around the $390s while the CIF level is talked in the $440s.
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