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Gas Market Report: 2 July 2009

LPG MARKETS: NORTH WEST EUROPE: Large cargoes: The large propane market drifted leisurely out of June and into a somewhat subdued July market with a feeling that any first half July activity has already been completed with the exception of the usual TOT cargo bids and offers. Meanwhile, second half July is considered as being balanced with limited buying equally matched by limited selling interest. Prices are bouncing around in the Mid $480s to low $500s range purely on the back of daily crude movements.

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