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Gas Market Report

NORTH WEST EUROPE: Large cargo propane prices remain very strong on the back of bids for handy parcels which may or may not be essential for the timing of the delivery as inland offtake slows down on the back of continuing warm weather. A large 20 kt parcel for delivery later in the month was traded at a number thought to be $889 December quotes plus $4 but actual details have been kept p and c. As demand for second half Dec starts to materialise bids in the high $870s will have to increase to attract any remaining sellers.

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