Thursday, November 12, 2020
During the latest mid-month period, posted and spot prices at Mont Belvieu strengthened, while those at Group 140, Conway, Kan., have held a very narrow margin, basically reversing the play of the month prior. Over the month, Belvieu’s posted prices strengthened by 3.75 cents, and spots rose by a slightly less 3.375 cents. Conway’s posted prices shifted upward by a mere 0.40 cents, while spots were a modest 1.375 cents higher. 
The Mont Belvieu mid-October price, 63.507 cents/gal., came in 3.75 cents higher than mid-September’s 59.757 cents, and 7.167 cents above a year earlier’s price of 56.340 cents. The next week the price dipped by 0.250 cents to 63.257 cents, and bounced back to 63.507 cents to finish October. November began with a strengthening of 3.75 cents to 67.257 cents, where it remained at mid-month.
Conway, Kan. posted prices began the period 10.65 cents above the month prior, starting at 60.117 cents/gal. Compared to the same time in 2019, the 2020 prices were 11.777 cents greater. The next week, the price rose 0.15 cents to 60.267 cents, followed by a slight dip in price to 59.817 cents to end October. The new month saw prices rebound to 60.617 cents, only to end mid-November slightly lower at 60.517 cents/gal.
Mont Belvieu spot propane opened the mid-October period at a 53.00-53.50 cents/gal., 1.625 cents higher than the previous month’s price, and a sizeable 7.75 cents higher than a year ago. The following week, prices sluffed off 0.25 cents to 53.25-53.625 cents, and the month finished more than a penny weaker at 52.125-52.875 cents. November’s 3.875-cent addition pushed spots to 56.00-56.75 cents, and finished mid-month with a slim gain to 56.375-56.875 cents.
Conway spots opened mid-month at 53.50-54.50 cents, almost 8 cents higher than a month earlier, and 12 cents above a year prior. The following week saw a slight rise to 54.00-54.50 cents, and the month ended with a slip to 52.125-52.50 cents. The first week of November saw prices return to 54.00-54.75 cents, and at mid-month, they inched up to 54.875-55.25 cents.
SOURCE: The Weekly Propane Newsletter, November 12, 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.
The Mont Belvieu mid-October price, 63.507 cents/gal., came in 3.75 cents higher than mid-September’s 59.757 cents, and 7.167 cents above a year earlier’s price of 56.340 cents. The next week the price dipped by 0.250 cents to 63.257 cents, and bounced back to 63.507 cents to finish October. November began with a strengthening of 3.75 cents to 67.257 cents, where it remained at mid-month.
Conway, Kan. posted prices began the period 10.65 cents above the month prior, starting at 60.117 cents/gal. Compared to the same time in 2019, the 2020 prices were 11.777 cents greater. The next week, the price rose 0.15 cents to 60.267 cents, followed by a slight dip in price to 59.817 cents to end October. The new month saw prices rebound to 60.617 cents, only to end mid-November slightly lower at 60.517 cents/gal.
Mont Belvieu spot propane opened the mid-October period at a 53.00-53.50 cents/gal., 1.625 cents higher than the previous month’s price, and a sizeable 7.75 cents higher than a year ago. The following week, prices sluffed off 0.25 cents to 53.25-53.625 cents, and the month finished more than a penny weaker at 52.125-52.875 cents. November’s 3.875-cent addition pushed spots to 56.00-56.75 cents, and finished mid-month with a slim gain to 56.375-56.875 cents.
Conway spots opened mid-month at 53.50-54.50 cents, almost 8 cents higher than a month earlier, and 12 cents above a year prior. The following week saw a slight rise to 54.00-54.50 cents, and the month ended with a slip to 52.125-52.50 cents. The first week of November saw prices return to 54.00-54.75 cents, and at mid-month, they inched up to 54.875-55.25 cents.
SOURCE: The Weekly Propane Newsletter, November 12, 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.
