Spot Markets Dive Again; More Losses Seen

摘要

Spot propane prices in the Group 140 (Conway, Kan.) market and at Mont Belvieu Thursday took another plunge, falling a sharp 5.75 cents in the Group and an even steeper 11 cents at Belvieu compared to the Monday e-mail Update. Traders paint a grim picture if the loss scenario continues into the summer season, typically a time of low demand any year. But this year as summer approaches the current, ongoing losses are doubling down on the non-winter event of 2011-2012, and its hangover.