Ethane, Propane Prices Fall At Both Hubs

摘要

After experiencing healthy gains the previous two weeks, the natu- ral gas liquids (NGL) market slowed a bit at both Conway and Mont Belvieu as prices settled. In particular, the light NGLs experienced the biggest setback after rapid increases in the early part of August. Mont Belvieu propane had the largest drop of any NGL this week as it moved down 9% to 84￠ per gallon (/gal), its lowest price since the week of July 4 when it was 82￠/gal. This drop was a combination of the market rebalancing as well as high propane inventory levels and a slowing de-mand for exports. The Conway price had the second largest decrease of any NGL this week as it was down 7% from the previous week. The 76￠/ gal price was the second highest at the hub in nearly four months.