Kim Jong-Un had just assumed the title of supreme leader of North Korea and Steve Nash had just been traded from the Suns to the Lakers in July 2012, which was also the last time the Conway, Kan., price of ethane was as low as it was this past week.
Point guard Nash retired from the NBA two years ago and will be inducted into the Hall of Fame in September. Kim Jong-Un … let’s just say he keeps himself busy. Ethane’s price outlook, however, is appearing less certain all the time.
While the Mont Belvieu, Texas, ethane price dipped 2.9% to 24.25 cents per gallon (gal), what might be of greater concern is the downward trend. In the last two trading days of the five-day tracking period, Mont Belvieu ethane tumbled 5.1%. At Conway, the drop was 30% to 7 cents/gal.