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Gas Market Report

NORTH WEST EUROPE: LPG MARKETS: Large cargoes: A recent rally on crude has spurred the large cargo propane numbers into action which now lie in the $460s (maybe even the $470s). However, no deals have been concluded despite cargoes being offered to the market. Most players believe that there is no buying interest for anything before mid November and any first half sellers will struggle to find homes unless at a large discount to November floating price.

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