US Spot Normal Butane Prices Dropped Sharply This Week
7/31 5:06 PM
US Spot Normal Butane Prices Dropped Sharply This Week CANYON LAKE, Texas (DTN) -- U.S. spot normal butane prices finished higher Friday but moved sharply lower in the week on concerns over lower demand for gasoline blending in the fall due to Covid-19. Mont Belvieu Enterprise spot normal butane edged up 0.375cts Friday to 51.75cts gallon but in the week slid 5.125cts or 9.9%. Mt. Belvieu Enterprise spot normal butane ended the trade session Thursday at a more than two week low 51.125cts gallon. In the Midcontinent, Conway spot normal butane rose 2.25cts Friday at 50.75cts gallon, down 4.25cts or 7.7% in the week. Conway spot normal butane ended the trade session Thursday at a more than four-week low 48.5cts gallon. The nearby New York Mercantile Exchange RBOB futures contract dropped 9.77cts or 7.6% this week, ending the trade session Friday at $1.1871 gallon. Alton Wallace, 1.832.646.9229, alton.wallace@dtn.com. http://www.dtn.com. (c) Copyright 2020 DTN, LLC. All rights reserved.
 
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