Overview
Argus International LPG Forward Curves is a daily forward curve service providing modelled current market values for propane, butane and naphtha benchmarks across Europe, the Americas and Asia. Forward curves are published at three timestamps — London, the US and Singapore — with prices published for 35 or 36 months depending on the settlement timing of each market. Prices are published in $/t and $/gallon, supporting investment, trading and risk management decisions across global LPG markets.
At a glance
- Propane, butane and naphtha across three regions.
- Three timestamps: London, New York and Singapore.
- Up to 36 months of forward prices, published daily.
- Zero-arbitrage pricing across all strip periods.
- Supports mark-to-market, VaR and deal valuation.
- Enables independent LPG forward curve validation.
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Key features
Three-region publication
Argus International LPG Forward Curves are published on weekdays at three timestamps — London 16:30, 14:30 Eastern and 16:30 Singapore — each aligned to the appropriate market's daily settlement time.
Global market coverage
Propane, butane and naphtha benchmarks span key LPG hubs across Europe, the Americas and Asia, including Mont Belvieu, Northwest Europe, Saudi CP, AFEI® and ANSI® markets.
35–36 month price horizon
Prices are published for 35 or 36 months forward depending on the settlement timing of each market, broken down by month, quarter and calendar block, in $/t and $/gallon.
Zero-arbitrage consistency
Strip prices always equal the average of their component periods, maintaining zero-arbitrage consistency across monthly, quarterly and calendar strip contracts.
Rigorous data validation
Curves use current and historical inputs, including traded forward markets and historical price relationships. All inputs undergo rigorous quality and relevance checks before use.
Flexible delivery options
Access data via Argus Direct® client portal, data feed, third-party channel partners, API, Excel add-in or email, integrating into existing risk and trading workflows.
Who uses this service
Risk managers
- Validate forward curves against counterparty data using an independent, unbiased source.
- Apply forward prices for mark-to-market accounting and daily profit and loss assessments.
- Calculate value-at-risk, potential future exposure and deal valuation.
Traders and trade analysts
- Reference prior-day curves as a daily starting point when entering LPG markets across Europe, the Americas and Asia.
- Identify locational and temporal spread relationships across key propane, butane and naphtha benchmarks.
- Support deal valuation, regression analysis and scenario analysis decisions.
Market analysts
- Analyse price relationships and spread dynamics across propane, butane and naphtha benchmarks globally.
- Monitor forward market structure across Mont Belvieu, Northwest Europe, Saudi CP and AFEI® markets.
- Use historical curve data to identify pricing trends across LPG grades and time periods.
Planning and budget analysts
- Model future LPG costs and budget projections using independent forward price references across three regions.
- Stress-test LPG price assumptions across planning horizons using scenario analysis.
- Support procurement and supply decisions with up to 36 months of forward price data.
Frequently asked questions
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
