Canadian Propane, Butane Inventories Show Strength

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Canada’s primary underground propane inventories increased by 14.2% In August to begin September at 2336.6 Mcm, the equivalent of 14.7 MMbbl, according to the Canada Energy Regulator (CER). The total represented a good-sized month-to-month gain of 290.0 Mcm. Compared to a year earlier, stocks were up markedly, with an additional 1042.8 Mcm, or 80.6%, on hand.
Canadian PROPANE inventories show strength exclusive Weekly Propane Newsletter reports Sept 24 2020
Propane storages in the West began September at 1477.4 Mcm, which corresponds to 9.3 MMbbl, the agency reported. During August, volumes increased by 191.9 Mcm, or 14.9%, and ended 641.8 Mcm, or 76.8%, greater than a year earlier. In the East, supplies started September at 859.2 Mcm, commensurate with 5.4 MMbbl. This advance put propane 98.1 Mcm, or 12.9%, higher for the month, and a significant increase of 401.0 Mcm, or 87.5%, above a year prior.

Canadian butane inventories stood at 1421.8 Mcm at the beginning of September, for a gain of 146.3 Mcm, or 11.5%, from a month earlier. Once again, a year-over-year comparison found current volumes continue to surpass the year-over-year total. Butane volumes have grown by 369.6 Mcm, or 35.1%. Western butane supplies, at 910.8 Mcm, were 79.3 Mcm, or 9.5%, greater than the previous month, and 303.8 Mcm, or 50.0% higher than last year. Eastern butane, at 511.1 Mcm, added 67.1 Mcm, or 15.1%, month over month, and totaled 66.0 Mcm, or 14.8%, more than a year earlier.

SOURCE: The Weekly Propane Newsletter, September 24, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere

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