US Spot NGLs End shallowly Mixed while Oil Futures Edge Up
HOUSTON (DTN) -- U.S. spot NGLs prices finished shallowly mixed at the key
supply hubs Monday, with propane lower and isobutane higher while New York
Mercantile Exchange oil futures edged up.
Expiring NYMEX December West Texas Intermediate crude oil futures settled
30cts higher at $56.76 bbl while the January contract rose 52cts to a $57.20
bbl settlement. Nearby December RBOB futures settled 0.59cts higher at $1.5829
Spot propane traded moderately at the key supply hubs Monday with
deal-volume at the LST, Enterprise, and Conway hubs at 90,000 bbl, 160,000 bbl,
and 70,000 bbl, respectively.
At Mont Belvieu, LST spot propane and Enterprise spot propane both finished
at 78.375cts gallon, with the former down 1.625cts while the latter edged
Enterprise spot propane was valued late session at 58.0% of nearby WTI crude
futures, up from 50.5% at the same time last week.
Targa spot propane was done midafternoon at 77.5cts gallon, down 2.125cts
from the session prior.
Conway spot propane traded 1.5cts lower at 70.5cts gallon while Hattiesburg
spot propane changed hands at 74.5cts gallon, down 1.0cts.
In other NGLs spot markets, Mt. Belvieu non-LST normal butane edged 0.25cts
higher at 86.75cts gallon, and Conway normal butane was seen 0.5cts lower at
Non-LST isobutane advanced 1.5cts at 91.5cts gallon while Conway isobutane
was valued at 98.5cts gallon, up 1.25cts.
Mt. Belvieu non-LST natural gasoline finished unchanged at 112.25cts, with
its premium to LST natural gasoline at 3.0cts per gallon. Conway natural
gasoline was done at 111.25cts gallon, down 1.25cts.
Mt. Belvieu e/p mix was assessed at 33.625cts gallon, down 0.5cts, while
Conway e/p mix was seen 0.375cts higher at 19.0cts gallon.
Gulf Coast purity ethane edged up 0.125cts Monday at 34.625cts gallon.
In related markets, NYMEX December natural gas futures settled 42.8cts
higher at $4.700 MMBtu.
Alton Wallace, 1.832.646.9229, Alton.Wallace@dtn.com, (c) 2018 DTN. All