Monday, March 17, 2014
While propane exports from U.S. shores barely rose during December compared to a month earlier, imports jumped a significant 60.1%, with an additional 2,128,401 bbl arriving compared to November, according to the U.S. Department of Commerce (DOC), which pegged December levels at 5,671,308 bbl. For the year, imports showed a more modest 8.1% increase, stepping up by 426,240 bbl.
Propane exports posted a 1.3% gain month over month, rising 163,054 bbl to stand at 12,470,525 bbl by month’s end, reports DOC. Compared to December 2012, exports climbed a whopping 97.2%, or by 6,146,559 bbl.
Meanwhile, butane exports also ramped up in December, rising 78.5%, or 391,594 bbl, from November to end the month at 889,805 bbl, 42%, or 264,048 bbl, higher than a year earlier. Butane imports slumped for the month and year, falling 18%, or 60,075 bbl, under November and a steeper 44.3%, or 217,793 bbl, from December 2012.
Recapping the DOC report:
Propane exports posted a 1.3% gain month over month, rising 163,054 bbl to stand at 12,470,525 bbl by month’s end, reports DOC. Compared to December 2012, exports climbed a whopping 97.2%, or by 6,146,559 bbl.
Meanwhile, butane exports also ramped up in December, rising 78.5%, or 391,594 bbl, from November to end the month at 889,805 bbl, 42%, or 264,048 bbl, higher than a year earlier. Butane imports slumped for the month and year, falling 18%, or 60,075 bbl, under November and a steeper 44.3%, or 217,793 bbl, from December 2012.
Recapping the DOC report:
| IMPORTS | ||||||
| PROPANE | Volume in BBL | BUTANE | Volume in BBL | |||
| Canada to: | Canada to: | |||||
| Portland, ME | 110,741 | Buffalo, NY | 21,583 | |||
| St. Albans, VT | 511,637 | Seattle, WA | 117,399 | |||
| Ogdensburg, NY | 238,070 | Great Falls, MT | 16,403 | |||
| Buffalo, NY | 723,302 | Pembina, ND | 750 | |||
| Seattle, WA | 172,282 | Duluth, MN | 4,539 | |||
| Anchorage, AK | 7,409 | Detroit, MI | 98,137 | |||
| Great Falls, MT | 469,421 | Canadian Total | 258,811 | |||
| Pembina, ND | 2,423,061 | |||||
| Duluth, MN | 108,912 | Rep.Korea-NY City | 1,716 | |||
| Minneapolis, MN | 193,374 | Italy-Chicago | 48 | |||
| Detroit, MI | 472,824 | Rep.Korea-Norfolk | 510 | |||
| Canadian Total | 5,431,033 | Rep.Korea-Los Angeles | 10,491 | |||
| Rep.Korea-San Francisco | 458 | |||||
| Dominican Republic-Hawaii | 39,454 | Rep.Korea-Seattle | 1,700 | |||
| Dominican Republic-Puerto Rico | 71,960 | TOTAL BUTANE | 273,734 | |||
| Trinidad-Puerto Rico | 50,040 | |||||
| Dominican Republic-Virgin Islands | 59,381 | Value CIF | $19,445,268 | |||
| Colombia-Virgin Islands | 19,440 | Value/bbl | $71.04 | |||
| TOTAL PROPANE | 5,671,308 | Value Cents/Gal. | 169.14 | |||
| Value CIF | $277,220,797 | |||||
| Value/bbl | $48.88 | |||||
| Value Cents/Gal. | 116.38 | |||||
| EXPORTS | ||||||
| Volume | Value | Value | Value | |||
| PROPANE | in BBL | CIF | per BBL | Cents/Gal. | ||
| United States to: | ||||||
| Canada | 158,223 | $9,402,789 | $59.43 | 141.49 | ||
| Mexico | 3,469,401 | 211,277,109 | 60.90 | 144.99 | ||
| Central America | 3,727,927 | 209,862,740 | 56.29 | 134.04 | ||
| Caribbean | 593,575 | 31,869,980 | 53.69 | 127.84 | ||
| Europe | 1,424,785 | 83,544,777 | 58.64 | 139.61 | ||
| Far East | 3,096,118 | 181,627,776 | 58.66 | 139.67 | ||
| Pacific | 496 | 28,286 | 57.03 | 135.78 | ||
| TOTAL PROPANE | 12,470,525 | $727,613,457 | $58.35 | 138.92 | ||
| BUTANE | ||||||
| United States to: | ||||||
| Canada | 345,168 | $23,003,013 | $66.64 | 158.67 | ||
| Mexico | 53,654 | 3,330,724 | 62.08 | 147.80 | ||
| Central America | 277,113 | 17,730,025 | 63.98 | 152.34 | ||
| Caribbean | 142 | 8,775 | 61.80 | 147.13 | ||
| Africa | 213,728 | 16,651,437 | 77.91 | 185.50 | ||
| TOTAL BUTANE | 889,805 | $60,723,974 | $68.24 | 162.49 | ||
