Prices soar on force majeure

摘要

LDH propane prices at Mont Belvieu spiked to an unusually high 88pc of the value of WTI crude on 25 February in the face of continuing supply constraints. A fire near Enterprise Products Partners' Mont Belvieu, Texas, 75,000 b/d fractionators on 8 February shut operations at the facility for several days. Nearby facilities resumed fractionation the following day, but all four of Enterprise's fractionators only resumed operations on 17 February (LPGW, 16 February, p1).