
Bullish bias overtakes the propane market
July 5, 2021 By Brian Richesson
Not only does EIA data show propane inventory near five-year lows, but prices at Mont Belvieu topped the $1-a-gallon mark for the first time since 2018.
Read MoreNot only does EIA data show propane inventory near five-year lows, but prices at Mont Belvieu topped the $1-a-gallon mark for the first time since 2018.
Read MoreCost Management Solutions’ Mark Rachal discusses the heating season of 2020-21, highlighting factors that led to upward pressure on propane pricing.
Read MoreThe Midwest has been oversupplied and low-valued long enough that it lacks investment to meet needs in high-demand periods, says Mark Rachal.
Read MoreDays of supply measures available inventory to demand. As long as days of supply are trending lower, prices are certainly going to feel upward pressure.
Read MoreSince last week’s Trader’s Corner, there was a dramatic change in U.S. propane prices. The change began after the Martin Luther King Jr. Day holiday.
Read MoreAs long as export demand remains strong, there is likely to be continued pressure on inventory and thus support for propane prices.
Read MoreResidential propane prices during the first two weeks of the winter heating season were 4 percent lower than during the same time last winter, the EIA reports.
Read MoreMark Rachal of Cost Management Solutions takes a close look at propane inventory trends ahead of peak demand season.
Read MoreThis past week, we got an email from one of our clients expressing confusion about U.S. propane production….
Read MoreThe last two Weekly Petroleum Status Reports from the Energy Information Administration (EIA) have shown a decline in total U.S. propane inventory.
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