Stabilization Fails to Hold, as NGL Prices Continue to Fall

摘要

After what appeared to be a possible stabilization in NGL prices over the last three weeks, prices this week took another plunge with some reaching 3-4 year lows. Propane took the biggest hit this week, as it fell 8%, to 78￠, from 92￠ in Mont Belvieu and 7%, to 85￠, from 96￠ in Conway. The NGL has traded under $1 for the last month and doesn't appear ready to approach that threshold anytime soon.