Gas Market Report

NORTH WEST EUROPE: With most players now completed their Christmas shopping all eyes are looking at the January sales. Large cargo propane numbers have fallen from last weeks highs above $900 down to the low $870s as buyers disappear, except for those who have space in storage for January arrivals. These buyers will only move on cargoes if numbers are at January minus a large discount or within the $860s with the weather playing a crucial role on when they need to buy.