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Western Strength, Eastern Silence

We saw short players stopping out of LST spread positions, contributing to the support in US propane...
Published: October 7, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
17 page report
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The Nov’26 Mont Belvieu TET propane swap (C3 LST) climbed from below 84c/gal on 23 Sep to 92.625c/gal on 07 Oct, also gaining against WTI. This strength has been reflected in LST spreads as well, with the Nov/Dec'26 spread up from a low of 0.50c/gal on 23 Sep to 1.375c/gal at the time of writing on 07 Oct, record highs for this time of year.

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Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

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