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Is Propane Priced to Perfection?

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Report summary

The forward curve for propane is currently pricing in another cold winter no delays in export terminal expansions and maximum exports all year. If all of these take place then propane inventories will be at the high end of the recent ranges but manageable. Wood Mackenzie believes this is a low probability scenario and therefore propane prices have more downside risks over the next 12 months.

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