Propane Prices Increasing Along With Export Demand
Frank Nieto, Editor, Midstream Monitor
March 29, 2012
Ethane prices tumbled this week, but Mont Belvieu prices improved as petrochemical producers are reportedly stocking up on supplies in anticipation of various crackers coming back online this spring.
The Mont Belvieu price dropped 5% to 48¢ per gallon (/gal), its lowest price since it was 46¢/gal the week of Feb. 15. The final day of this trading week, March 27, saw the price increase to 51¢/gal. However, Conway ethane continued to face headwinds as the price dropped 15% for the week to 26¢ per gallon (/gal), its lowest price ...