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Propaneprice

  1. Propane is up today on the back of crude oil which made its move on the back of the currency market. Remember currency is the big market.
  2. Crude became a quick change artist from negative to positive. Propane traders are getting end of month inventories balanced.
  3. Belvieu propane remains strong, current month @ $.9400. Conway propane is 1/2 cpg softer today. The spread is over 30 cents per gallon.
  4. Propane is flat to off 1/2 cpg toda.y. Crude oil is off over $1.00. The outmonths in propane are not really coming down.
  5. Propane is flat with Belvieu at $.8950 and Conway at $.6850 for current month. Crude oil is off $.5000/bbl this afternoon.
  6. Crude is trading either side of unchanged as traders wait to see what unemployment numbers look like on Friday
  7. Propane remains strong today. Belv Aug '09 sellers @ $.8800 and Conway Aug '09 sellers @ $.6800 or so
  8. Conway is good 19 to 20 cents below Belvieu for August.
  9. $.8700 sellers Aug '09 Belvieu propane this afternoon. Fun times had by all!
  10. Strong day for propane not much trading activity. Belvieu forward price in Jan '10 = $.93625 & Conway Jan '10 = $.8825
  11. Current Belvieu propane sellers @ $.8700 & Conway sellers @ $.6600 - $.6700, if you can find a seller. Most sellers are sitting and waiting
  12. Propane is up today on the back of crude oil. The only thing that has made since over the past few weeks has been spread trading.
  13. July Belv = $.8225 & July Conway = $.6375
  14. Dollar got pounded today and crude move up pulling propane with it. Not a fundamental issue like inventory, strictly trading strategies.
  15. Crude is off today and propane prices reflect the move down. Conway is off by 2 cents and Belvieu off 1 - 2 cents per gallon
  16. Propane is staying strong today. Belv @ $.8200 for July propane. Not much activity
  17. We are in a cautionary zone. If dollar holds look for a commodity retreat. If dollar collapses look for higher commodities.
  18. Latest Belv propane - 0.78500 0.79250 0.80500 0.81750 0.83000 0.84250 0.85750 0.85750 0.85250 july9-mar10. Crude up $1.50 mid morning
  19. Crude is flat and propane is off penny to penny and a half.
  20. A possible strategy to be looking at is a spread trade. Avoid the whipsaw action and minimize risk in propane market.