Propane export market weakens, inventory builds
August 27, 2019 By Mark Rachal
U.S. propane inventory grew nearly 4 million barrels last week as exports remained sluggish for a second week in a row.
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U.S. propane inventory grew nearly 4 million barrels last week as exports remained sluggish for a second week in a row.
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May was a bearish month for propane. Falling crude and sluggish fundamentals combined to send propane prices down to multi-year lows.
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Petrochemical companies have been choosing ethane over propane. See what the propane demand decrease means for domestic demand and prices.
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Combined domestic demand and export volumes are not keeping up with increases in propane production. This results in building inventory and falling prices.
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ICF’s Mike Sloan and propane industry veteran Randy Doyle explain why it’s time for propane retailers to prioritize and plan for the industry’s future.
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Propane supply was outpacing propane export and domestic demand this spring, which caused inventory to rise, putting downward pressure on prices.
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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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