Propane exports rise: What that means for demand, pricing
December 28, 2021 By Mark Rachal
This week’s data suggests export reporting got back on track, but we still need to monitor for the possibility of an increase in overall demand.
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This week’s data suggests export reporting got back on track, but we still need to monitor for the possibility of an increase in overall demand.
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For the week ending Dec. 10, U.S. propane exports dropped to 847,000 barrels per day (bpd) – 509,000 bpd less than the same week last year.
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In this week’s Trader’s Corner, Mark Rachal, with Cost Management Solutions, shares a heating season update for propane marketers.
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In this week’s Trader’s Corner, Mark Rachal, with Cost Management Solutions, discusses how the Omicron variant of COVID-19 has impacted propane prices.
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Propane markets are in the midst of a major price correction of around 25 percent and counting, which is very significant.
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Propane buyers and consumers should recognize how quickly the pricing environment could change should winter heating demand finally arrive.
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U.S. propane inventory increased to 73.620 million barrels as of Oct. 15, breaking a concerning downtrend in inventory from the prior two weeks.
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Mark Rachal, director of research and publications at Cost Management Solutions, discusses propane pricing trends and the impact of heating-degree days.
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Despite last week’s inventory draw, propane prices moved lower. Mark Rachal of Cost Management Solutions explains what this means for price protection.
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Mark Rachal of Cost Management Solutions offers steps propane buyers can take to protect themselves from rising propane prices this winter.
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