NPG prices in the US strengthened as markets transitioned from a steady February into a sharply firmer early-March session. Early February trading was characterised by neutral activity and measured buying interest, while mid-month saw disciplined seller behaviour and stable operating rates among downstream users. By late February, participants noted balanced supply and demand, with little urgency to discount prompt availability. That equilibrium, supported by orderly logistics and steady feedstock conditions, set the stage for a sudden re-pricing in early March as spot activity and immediate NPG demand reasserted themselves across domestic chains, driving a noticeable lift in domestic offers.
On the supply side, producers kept offers measured and limited spot concessions, while NPG feedstock conditions remained stable, helping contain input-cost pressure. Controlled NPG production rates and managed inventories supported seller confidence and allowed modest price upsides without triggering broad buyer pushback. Orderly logistics and...
