---
title: "Goldman Expects Higher Pricing Corridor For US Gulf Coast Propane"
description: "Goldman Sachs expects higher pricing for US Gulf Coast propane due to higher US natural gas prices. They forecast higher prices for propane, normal butane, and isobutane over the next few years. They "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/207213001.md"
published_at: "2024-06-25T17:10:43.000Z"
---

# Goldman Expects Higher Pricing Corridor For US Gulf Coast Propane

> Goldman Sachs expects higher pricing for US Gulf Coast propane due to higher US natural gas prices. They forecast higher prices for propane, normal butane, and isobutane over the next few years. They also expect a relative recovery in NGL prices and forecast petrochemical margins.

June 25 (Reuters) - GOLDMAN SACHS:

-   SAYS “WE EXPECT A HIGHER PRICING CORRIDOR FOR US GULF COAST PROPANE, DUE TO HIGHER US NATURAL GAS PRICES”
    
-   SAYS “WE FORECAST US PROPANE PRICES C.$40/MT ABOVE THE MARKET FORWARDS OVER 2H2024-2025”
    
-   FORECASTS NORMAL BUTANE AND ISOBUTANE PRICES C.$80/40/MT ABOVE CURRENT BACKWARDATED FORWARD CURVES, RESPECTIVELY, OVER 2H2024-2025
    
-   SAYS OVERALL, EXPECT RELATIVE RECOVERY IN NGL PRICES THROUGH END OF 2025, REACHING ALMOST 40% OF BRENT CRUDE IN US GULF COAST OVER 2025
    
-   SAYS “WE FORECAST USGC PETROCHEMICAL MARGINS JUST C.$30/MT ABOVE 2023 AVERAGE LEVELS, MORE THAN $100/MT BELOW CURRENT SPOT LEVELS THAT ARE ELEVATED DUE TO UNPLANNED OUTAGES”
    
-   FORECASTS EUROPEAN AND ASIAN PETROCHEMICAL MARGINS C.$90/MT ABOVE 2023 AVERAGE LEVELS DUE TO MORE CONSTRUCTIVE REGIONAL PETROCHEMICAL PRICE FORECASTS

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
