Iso-butane Margins Continue to Shrink

摘要

Frac spread margins were down for the second straight week at Conway due to a continued depression of NGL prices. However, an 11% drop in feedstock prices improved margins in most cases at Mont Belvieu. The biggest drop in margin at both hubs was for iso-butane, which also suffered the largest decrease in price at both Mont Belvieu and Conway. The margin to fractionate at Texas was down 13% from last week, while the frac spread margin tumbled 28% at Kansas.