BIMCO Port Conditions

NORTH WEST EUROPE: Large cargoes: How low can we go? That’s the question that everyone is asking about large cargo propane prices. What is evident is that without cold weather to boost the offtake from the terminals then even a rally on crude oil prices may not be sufficient to prevent the present price of around $315-320 falling even further. It is thought that there are several cargoes during the latter part of November still to find homes and December programme is already starting to have an impact on thought processes.