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Opposing Strength in LST and FEI

LST dropped, FEI & CP rebound; arb weaker on higher freight. Pronap firmer but easing; positioning long amid cautious risk.
Published: February 11, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
17 page report
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In the main propane benchmarks, Mar’26 Mont Belvieu (C3 LST) has stabilised after a sharp early-February selloff, with prices ranging between 64–66c/gal and positioning split between trade house sellers and US midstream buyers, while open interest growth has slowed.

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