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Gas Market Report

NORTH WEST EUROPE: The large cargo propane market continues to set record highs on the back of high crude and lack of available tons to cover near term demand. Players seeking cargoes to cover end November/early December requirements are bidding into a void and have raised prices to the mid/high $870s. Rumours that one producer is holding back on cargoes cannot be confirmed but what is certain is that present high prices will continue, at least until second decade of December, it seems, which is when imports from West Africa and even possibly from the USG may start to arrive.

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