U.S. propane supply, export imbalance weighs on prices
March 26, 2019 By Mark Rachal
In this week’s Trader’s Corner, we revisit a topic that we have discussed numerous times this year: the…
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In this week’s Trader’s Corner, we revisit a topic that we have discussed numerous times this year: the…
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October has turned out to be quite frightening for crude and propane bulls. The upward momentum that had been prevalent since April came to a screaming halt.
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Throughout last week, Mont Belvieu’s price correction deepened and its value relative to crude continued to deteriorate.
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Here are the factors impacting the recent price spread between Conway propane and Mont Belvieu LST propane.
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Export activity in July and its resulting impact on U.S. inventory builds should be very interesting to monitor.
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The pricing pattern for March and May turned out to be very similar, but April was a little different.
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Propane has certainly been bullish in the last 10 days.
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Propane prices saw a significant change in April. Get more details on this shift.
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Changes in the price of Brent crude oil, as well as higher temperatures and lower inventories all impacted the price of propane this winter.
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A report from the U.S. Energy Information Administration (EIA) examines U.S. propane’s relationship with world propane prices and crude oil prices.
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