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Gas Market Report

NORTH WEST EUROPE: With continuing falls in crude the large propane cargoes have been heading down despite some prompt buying for 8.5 kts. Prices are now seen to be in the $790s and with the prompt requirement covered at $800 and no further buying evident then prices are expected to fall even further as the week goes on and the warm weather stymies any demand. This should leave the way for petchems to start consuming propane but they also seem very relaxed and are happy to wait for March arrivals.

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