]

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LPGASWIRE
[OIL ]

Volume 35 / Issue XXX / Month D, 2013

Asia LPG ($/mt) (PGL page 2780) Market Commentary

Code Mid Change Code Mid Change
CFR Refrigerated Diffs to Saudi CP strip Asia LPG (PGL page 2798)
11:11 Singapore-Japan (H1 Feb) AASGO00 989.000 -6.000
11:11 Singapore-Japan (H2 Feb) AASGP00 976.000 -6.000
11:11 Singapore-Japan (H1 Mar) AASGQ00 963.000 -6.000 Asian LPG prices made a strong rebound Thursday from
11:11 Singapore-Japan cargo* AASGN00 982.500 -6.000 recent weakness, with sentiment boosted by news of a
Propane Japan cargo (H1 Feb) AAVAK00 1004.00–1006.00 1005.000 -6.000 Propane Japan PMAAX00 16.00/17.00 16.500 +3.000
Propane Japan cargo (H2 Feb) AAVAL00 991.00–993.00 992.000 -6.000
delay in deliveries of term Aramco supplies to Asian lifters
Propane Japan cargo (H1 Mar) AAVAM00 978.00–980.00 979.000 -6.000 from H1 February to H2 February, as well as expectations
Propane Japan cargo* PMAAV00 998.00–999.00 998.500 -6.000 of overall lower exports from the Middle East, traders
Propane South China cargo AABAK00 998.00–1000.00 999.000 -6.000 Propane South China AABAI00 -12.00/-10.00 -11.000 -6.000
Propane Taiwan cargo AABAN00 999.00–1001.00 1000.000 -6.000 Propane Taiwan AABAO00 -11.00/-9.00 -10.000 -6.000 said. The LPG market bucked the $6/mt drop seen on
Propane North Asia Zone AAJTQ00 998.00–1000.00 999.000 -6.000 ICE Brent crude futures. Prices of propane for delivery
Propane Korea PMABK00 13.00/14.00 13.500 +3.000
along the Singapore-Japan route 30-45 days forward
Butane Japan cargo (H1 Feb) AAVAN00 944.00–946.00 945.000 -6.000 Butane Japan PMAAH00 16.00/17.00 16.500 +3.000
Butane Japan cargo (H2 Feb) AAVAO00 931.00–933.00 932.000 -6.000 jumped by $33/mt from the previous session to $908/mt
Butane Japan cargo (H1 Mar) AAVAP00 918.00–920.00 919.000 -6.000 Thursday. Butane rose by $38/mt to $908/mt. The front-
Butane Japan cargo* PMAAF00 938.00–939.00 938.500 -6.000
Butane South China cargo AABAU00 938.00–940.00 939.000 -6.000 Butane South China AABAT00 -12.00/-10.00 -11.000 -6.000
month propane Contract Price swap was heard traded
Butane Taiwan cargo AABBH00 939.00–941.00 940.000 -6.000 Butane Taiwan AABBI00 -11.00/-9.00 -10.000 -6.000 just after the Asian market close at $885/mt and $900/
Butane North Asia Zone AAJTT00 938.00–940.00 939.000 -6.000 mt. During the Asian trading session, the swap was
Butane Korea PMABL00 13.00/14.00 13.500 +3.000
discussed in a wide range, with a bid heard at $861/
CFR Pressurized Diffs to Saudi CP strip
LPG Vietnam AAWUV00 1063.00–1065.00 1064.000 -5.000 LPG Vietnam AAWUW00 84.00/86.00 85.000 +1.000 mt and an offer at $925/mt. On Wednesday, trades
LPG Philippines AAWUX00 1068.00–1070.00 1069.000 -5.000 LPG Philippines AAWUY00 89.00/91.00 90.000 +1.000 were heard between $853 and $854/mt. Traders said
FOB Pressurized Diffs to Saudi CP strip that while there were concerns of lower Middle Eastern
LPG East China AAWUZ00 976.00–978.00 977.000 -6.000 LPG East China AAWVA00 -3.00/-1.00 -2.000 +0.000
LPG South China AAWVB00 976.00–978.00 977.000 -6.000 LPG South China AAWVC00 -3.00/-1.00 -2.000 +0.000 supplies to Asia, demand was not strengthening, with
LPG Singapore AAWVD00 981.00–983.00 982.000 -6.000 LPG Singapore AAWVE00 2.00/4.00 3.000 +0.000 Japanese buyers comfortable with their current stockpiles,
which they are expected to draw upon to meet winter
Middle East LPG (PGL page 2776)
demand. The current February/March backwardation of
Code Mid Change Code Mid Change $15/mt in the swaps market is also deterring Japanese
FOB Arab Gulf Diffs to Saudi CP
Propane cargo PMUDM00 832.00–834.00 833.000 +56.000 Propane vs CP PMABF00 -14.00/-12.00 -13.000 -7.000
traders from buying, sources said. “The Japanese are
Propane vs CP M1 (Jan) AAKZA00 -28.00/-26.00 -27.000 +10.000 waiting for March to buy,” one trader said. In the physical
Propane vs CP M2 (Feb) AALAM00 -1.00/1.00 0.000 +0.000 market, Vilma was heard to have bid for 22,000 mt of
Butane cargo PMUDR00 811.00–812.00 813.000 +56.000 Butane vs CP PMABG00 -28.00/-26.00 -27.000 -7.000
Butane vs CP M1 (Jan) AAKZB00 -38.00/-36.00 -37.000 +10.000 propane for second half-February at a premium of $15/mt
Butane vs CP M2 (Feb) AALAN00 -1.00/1.00 0.000 +0.000 to the February CP swap for half the cargo and at $900/
Propane CP strip (Japan-Korea)* AAKZC00 845.00–847.00 846.000 +56.000 mt for the other half. Cargill was heard to have bid for the
Butane CP strip (Japan-Korea)* AAKZD00 839.00–841.00 840.000 +56.000
Propane CP strip (China-Taiwan)** AAKZE00 981.00–983.00 982.000 +56.000 same volume, also for H2 February at parity to the Argus
Butane CP strip (China-Taiwan)** AAKZF00 930.00–932.00 931.000 +56.000 Far Eastern Index for February for half the cargo and at
*loading 20-40 days; **loading 5-15 days
$895/mt for the other half. No trades were seen.

The McGraw Hill Companies

 LPGASWIRE MONTH D, 2013

European LPG ($/mt) (PGL page 1775) Middle East LPG (PGL page 2799)

Code Propane Mid Change Code Butane Mid Change

Northwest Europe Saudi Aramco has announced its acceptance of
FOB Seagoing PMABB00 945.00–950.00 947.500 +20.000 FOB Seagoing PMAAL00 835.00–840.00 837.500 +5.000 nominations for term LPG cargoes for February with no
FOB ARA PMAAS00 980.00–985.00 982.500 +5.000 FOB ARA PMAAC00 860.00–865.00 862.500 +10.000 cuts to supplies, but some loading delays, traders said
FCA ARA* PMABH00 1010.00–1015.00 1012.500 +15.000 FCA ARA* PMABI00 1870.00–1875.00 1872.500 +10.000
CIF 1-3k mt PMAAZ00 975.00–980.00 977.500 +20.000 CIF 1-3k mt PMAAJ00 875.00–880.00 877.500 +5.000 Thursday. The delays to some lifters are between one
CIF 7000+ mt PMABA00 965.00–970.00 967.500 +35.000 CIF 3000+ mt PMAAK00 880.00–885.00 882.500 +5.000 and two weeks, sources said. “There is no reduction
FOB 7000+ mt AAVKH00 940.00–945.00 942.500 +35.000 FOB 3000+ mt AAVKI00 843.00–848.00 845.500 +5.000
to nomination quantity,” one trader said. “On the other
Western Mediterranean
hand, because many FOB lifters nominated 1st February
FOB Ex-Refinery/Storage PMABC00 985.00–990.00 987.500 +35.000 FOB Ex-Ref/Storage PMAAM00 890.00–895.00 892.500 +5.000
FCA Ex-Refinery/Storage* PMABJ00 985.00–990.00 987.500 +35.000 as the lifting stem, most acceptance for them were
CIF 7000+ mt PMABE00 965.00–970.00 967.500 +35.000 delayed,” he said adding that it may not be due to any
*FCA ARA refers to sales onto railcars and trucks in the Amsterdam-Rotterdam-Antwerp region supply issues. However, some market sources said the
term export volume to Asia for February this year may
be less than the 17-18 cargoes, or around 800,000
Naphtha ($/mt) LPG Postings ($/mt)
mt, supplied in February 2012. The actual volume this
$/mt Mid Change Saudi Contract Postings (PGL page 2790) time could not be immediately determined. Sources
Europe (PGA page 1310 & 1320) Saudi Propane CP (Jan) PTAAM10 975.00 said that Saudi Aramco may also have less or no spot
CIF ARA cargo PAAAL00 918.00–922.00 920.000 +34.000 Saudi Butane CP (Jan) PTAAF10 975.00
CIF Med cargo PAAAI00 867.00–871.00 869.000 +35.000
cargoes to export for February as it diverts supply to
Algerian Postings (PGL page 1790)
the domestic petrochemical sector. They said that
Propane FOB Bethouia CP (Jan) PTAAI10 975.00
Propane FOB Skikda CP (Jan) PTAAJ10 975.00 the Saudi Polymers’ production facility, which shut for
Month to Date Averages Butane FOB Algeria CP (Jan) PTAAC10 980.00 maintenance November 11, had resumed operations
$/mt Mid Change early January instead of late January, taking up LPG as
Europe Month to Date (PGL page 1775)
Propane swaps feedstock. The restart and other details could not be
FOB Seagoing PMUDI00 967.00–972.00 969.500 +1.500
CIF 7000+ mt PMUDK00 999.60–1004.60 1002.100 +1.500 Mid Change confirmed by the company. The market is also watching
Middle East Month to Date (PGL page 2776) Northwest Europe ($/mt) (PGL page 1775) the supply situation from the rest of the Middle East and
Propane cargo PMUDO00 943.10–944.80 943.950 +57.000 M1 (Feb) PMABU00 918.00–922.00 920.000 +34.000 West Africa into the Asian and European markets. Gas
Butane cargo PMUDQ00 899.10–900.80 899.950 +57.000 M2 (Mar) PMUDH00 867.00–871.00 869.000 +35.000 plant shutdowns were heard in the UAE in January and
M3 (Apr) AALQQ00 791.00–795.00 793.000 +22.000
February, and in Qatar next month, while the hostage
LPG Shipping ($/mt) Q1 (Q2 2013) PMUDE00 858.00–862.00 860.000 +30.000 crisis at Algeria’s In Amenas gas field, jointly operated
Q2 (Q3 2013) AAHIN00 730.00–734.00 732.000 +30.000
by British oil giant BP, Norway’s Statoil and state-run
From: To: Product Cargo size Code $/mt US Gulf Coast ($/barrel) (PGA page 780)
Algerian energy firm Sonatrach, could disrupt around
(PGL page 1786) M1 (Feb) AAHYX00 84.00–84.10 84.050 +3.000
Norway Netherlands Propane 20kt AAVKK00 41.00 M2 (Mar) AAHYY00 84.40–84.50 84.450 +5.000 80,000 mt of propane production, sources said. Even
Norway Netherlands Butane 10kt AAVKJ00 36.00 M3 (Apr) AAHYZ00 84.60–84.70 84.650 +2.000 though Algerian supplies mainly go to Europe, one trader
(PGL page 2786) said: “I guess all disruptions count to the market.”
Q1 (Q2 2013) PMABS00 85.50–85.60 85.550 +3.000
Persian Gulf Japan LPG 11-44kt AAPNI00 41.00
Q2 (Q3 2013) PMABT00 86.50–86.60 86.550 +3.000
Persian Gulf South China LPG 11-44kt AAPNG00 36.00
Persian Gulf East China LPG 11-44kt AAPNH00 39.00 Saudi CP ($/mt) (PPA page 2652) West Mediterranean LPG (PGL page 1797)
Thailand Guangzhou LPG 1-3kt AAPNJ00 123.00 M1 (Feb) AAHHG00 921.98–922.02 922.000 +3.000
Thailand Guangxi LPG 1-3kt AAPNK00 121.00 M2 (Mar) AAHHH00 888.98–889.02 889.000 +5.000
Propane exports from Lavera remained at low levels
Thailand Shantou LPG 1-3kt AAPNL00 124.00 M3 (Apr) AAHHI00 838.98–839.02 839.000 +2.000
Japan Shanghai LPG 1-3kt AAPNM00 73.00 Thursday with only a small 1,700 mt cargo for Spain
Korea Shanghai LPG 1-3kt AAPNN00 58.00 Q1 (Q2 2013) AAHHJ00 805.98–806.02 806.000 +3.000 currently nominated for loading. Following the deal

Copyright © 2013, The McGraw-Hill Companies 2

 LPGASWIRE MONTH D, 2013

US LPG (PGA page 780) concluded Wednesday market activity was more
Code Mid Change Code Mid Change muted Thursday with no public bids or offers seen.
Mount Belvieu non-LST (¢/gal) Mount Belvieu LST (¢/gal) Nevertheless, trading sources said that prompt spot
Ethane/propane mix M1 PMUDA05 25.10–25.20 25.150 +5.000 butane availability at Lavera was still quite tight. Exports
Ethane/propane mix M2 AAWUB00 26.60–26.70 26.650 +5.000
Ethane purity M1 PMUDB05 28.35–28.45 28.400 +5.000
continued to move out of Lavera at a steady rate with a
Ethane purity M2 AAWUC00 29.10–29.20 29.150 +5.000 5 kt cargo reported to be loading in the next couple of
Propane M1 PMAAY00 79.60–79.70 79.650 +5.000 Propane M1 PMABQ00 81.35–81.45 81.400 +5.000 days and another 6 kt cargo loading shortly after wards.
Propane M2 AAWUD00 80.60–80.70 80.650 +5.000 Propane M2 AAWUE00 81.35–81.45 81.400 +5.000
Normal butane M1 PMAAI00 116.35–116.45 116.400 +5.000 Normal butane PMABR00 106.35–106.45 106.400 +5.000
Normal butane M2 AAWUF00 117.35–117.45 117.400 +5.000 Northwest Europe Propane (PGL page 1798)
Isobutane PMAAB00 133.60–133.70 133.650 +5.000 Isobutane AAIVD00 133.60–133.70 133.650 +5.000
Natural gasoline (non-Targa) M1 PMABY05 163.10–163.20 163.150 +5.000 Natural gasoline AAIVF00 175.10–175.20 175.150 +5.000
Natural gasoline (non-Targa) M2 AAWUG00 163.10–163.20 163.150 +5.000 Spot prices were slightly higher Thursday with several
Natural gasoline (Targa) PMABW05 175.10–175.20 175.150 +5.000 public bids but only one offer. Totsa was a buyer for 8 kt
($/mt) CIF Le Havre January 25-28 at $859/mt, and also 20.6
Propane AAXDD00 414.72–415.24 414.980 +5.000
Normal butane AAXDC00 527.07–527.52 527.295 +5.000
kt CIF January 30-February 2 at $850/mt and February
Conway, Kansas (¢/gal) Bushton, Kansas (¢/gal)
quotes plus $2/mt. Statoil was a buyer of 20.5 kt CIF
Ethane/propane mix PMAAO00 7.10–7.20 7.150 +1.500 January 24-26 at $851/mt and balance January quotes
Propane PMAAT00 52.35–52.45 52.400 +1.500 Propane AALBE00 52.35–52.45 52.400 +1.500 minus $1/mt. Gunvor was a seller of 20.6 kt January
Normal butane PMAAD00 86.10–86.20 86.150 -1.500
Isobutane PMAAA00 125.10–125.20 125.150 +1.500 27-February 6 at February quotes plus $15/mt. There
Natural gasoline PMAAQ00 172.45–172.55 172.500 +1.500 were no reported trades. According to trading sources
The River* (¢/gal) Hattiesburg pipeline (¢/gal) Thursday spot availability continued to be tight over the
Natural gasoline AALBG00 164.45–164.55 164.500 +1.500 Propane AALBC00 78.75–78.85 78.800 +1.500
rest of January with no refinery or Tees product currently
Note: Spot prices exclude terminalling; *The River means on barges in various points of Mississippi River in Louisiana.
on offer. SHV reported buying 2,000-2,400 mt FOB
Karlshamn January 21-25 at $819/mt. Industry sources
NYMEX Futures Thursday said there had still not been any significant
Platts Futures Assessments 3:15 pm ET* (PGA page 703) Futures Settlement (PGA page 702) increase in spot demand for ARA propane. “We need
$/barrel $/MMBtu more cold days,” said a German trader. On the FCA
Light sweet crude (Jan) NYCRM01 93.04 Natural gas (Feb) AACMZ00 3.02 market about 315 mt on rail was said done at $880/
Light sweet crude (Feb) NYCRM02 93.45 $/barrel
Light sweet crude (Mar) NYCRM03 93.85 Light sweet crude (Feb) AASCS00 93.05 mt with 40 mt on truck reported concluded at $876/
* These assessments reflect prevailing futures value exactly at 3:15 pm ET. However, on the business day preceding the following holidays these assessments reflect the mt. Another 315 mt FCA was said done at $895/mt. On
value of futures at precisely 1:30 pm ET: Christmas Day, New Years Day, Fourth of July, and Thanksgiving Day.
the barge market Gunvor reported selling to Petredec
450 mt FOB ARA January 25-27 at 50% $875/mt and

]
50% Platts FOB quotes related/mt. Another 500 mt FOB
LPGASWIRE Volume 35 / Issue xxx / Month d, 2013 loading January 25-26 was reported done at $878/mt.
Editorial: Esa Ramasamy, Editorial Director, Americas Oil: +1-713-658-3292, Matt Cook, Senior Managing Editor, Americas Clean Products +1-713-658-3208,
Sharmilpal Kaur, Associate Editorial Director, Americas PFC, Crude and Residual Fuel +1-713-655-2270 Northwest Europe Butane (PGL page 1799)
Client services information: North America: +1 800-PLATTS8 (+1-800-752-8878); direct: +1-212-904-3070 Europe & Middle East: +44-20-7176-6111
Asian Pacific: +65-6530-6430 Latin America: +54-11-4121-4810, E-mail: support@platts.com
Copyright © 2013 The McGraw-Hill Companies. All rights reserved. No portion of this publication may be photocopied, reproduced, retransmitted, put into a computer Spot prices for mixed butane were slightly stronger
system or otherwise redistributed without prior written authorization from Platts. Platts is a trademark of The McGraw-Hill Companies Inc.Information has been obtained
from sources believed reliable. However, because of the possibility of human or mechanical error by sources, McGraw-Hill or others, McGraw-Hill does not guarantee the Thursday. There were no fundamental changes to
accuracy, adequacy or completeness of any such information and is not responsible for any errors or omissions or for results obtained from use of such information.
See back of publication invoice for complete terms and conditions.
the market as players waited for February trading to
commence. “It is pretty well done for January,” said one

Copyright © 2013, The McGraw-Hill Companies 3


industry source. Although good quality product remained
tight Thursday market sentiment was seen to be a touch
more bearish. According to sources there would probably
be several of the more olefinic cargoes available CIF
over the balance of January which might be absorbed
into the gasoline blending sector. Market activity was
at a low ebb Thursday. Industry sources said that there
was not too much refinery product on offer, but gasoline
blending demand appeared to be sparse. “The blenders
have come and gone,” one trader said. “It is a bit quiet
today,” added another source.
US Gulf Coast (PGA page 799)
The NGL market recovered Thursday, backed by a
stronger energy complex. Non-Targa natural gasoline
was assessed at $2.1175/gal, up 2.75 cents from
Wednesday, as February NYMEX RBOB gained 4.38
cents on the back of crude to an assessment of
$2.7714/gal. February NYMEX crude was assessed at
3:15 p.m. EST at $95.37/barrel on positive US growth
data. The front-month crude assessment was the
highest since September 18, according to Platts data.
In morning trading natural gasoline was heard trading
at $2.0950/gal but moved higher during the day and
was heard trading at $2.1150/gal prior to the Platts
Market on Close assessment process. During the MOC
process Shell sold 50,000 barrels to Koch at $2.1150/
gal. Koch then purchased a Vitol offer for 25,000
barrels at $2.1225/gal. However, all trades during the
MOC process were considered distressed and were
disregarded for the assessment. Butane also found
LPGASWIRE
strength in gasoline and crude. Non-LST normal butane
was assessed up 3.2 cents to $1.6275/gal and 2.75
cents backwardated to February. Conway butane was
assessed up 10 cents to $1.66/gal. Non-LST propane
was assessed higher with crude, up 1.35 cents to
80.35 cents/gal for non-LST product.
Tender Data
Taiwan CPC sells up to 15,000 mt Feb
pressurized LPG-
Seller: CPC, Taiwan Buyers: Up to three Asian
trading firms Specs & quantity: Product A: Three
cargoes of pressurized LPG of 1,800-2,500 mt each,
comprising 20-30% propane and the rest butane
Product B: Three cargoes of mixed butane which also
comprises isobutylene, of 1,800-2,500 mt each
Port: Loading FOB Kaohsiung When: Loading over
February 1-10, 11-20 and 21-28 Price: Premium of
around $20/mt to Saudi Aramco February Contract Price
Data from: Market sources Notes: Government-run CPC
also sold via its last tender up to 15,000 mt for loading
in January to two to three buyers, at a premium of $20-
30/mt to the January Saudi Contract Prices for propane
and butane, FOB Kaohsiung. This is the same volume
as in December, after it sold a maximum of 8,000 mt
for end-November loading. CPC has increased its exports
of pressurized LPG since November after the start of
commercial production at its new 80,000 b/d residue
fluid catalytic cracker at the 300,000 b/d Talin refinery.
Copyright © 2013, The McGraw-Hill Companies
MONTH D, 2013
News (PGA page 100)
Spot ARA propane prices up only
modestly despite colder weather
Spot propane prices in the Amsterdam-Rotterdam-
Antwerp region have failed respond to below-average
temperatures in Europe, industry sources said. Propane
is exported from refineries and terminals in ARA to meet
heating and cooking demand in Germany, the Benelux
region and North France. These exports can be moved
FCA on trucks and railcars or transported on barges.
Despite the recent spell of cold weather in Northwest
Europe, spot demand for propane from ARA has not
increased significantly. Industry sources said a longer
period of low temperatures would be required to have a
major impact on export requirements from ARA. “There
are no signs of increasing demand,” said one German
trader. Based on Platts data spot ARA prices for FCA
propane were just over $860/mt at the end of last
week. Since then prices have increased by only $10
reaching a last published level Wednesday of $872.5/
mt. FOB prices have followed a similar trend over the
same period rising by only a modest $15 from $937.5/
mt to a last published level Wednesday of $852.5/mt,
according to Platts data.
4

Trader note
---
Corrections
---
Subscriber notes (PGA page 1500)
Effective April 1, and in response to market conditions
and to align with practices in other European refined
product assessments, Platts proposes to assess all
Liquefied Petroleum Gases with a typical maximum
high-low range of $0.50/mt. Currently Platts European
LPG assessments are assessed with a typical maximum
high-low range of $5/mt. Platts European LPG, refined
product and crude oil assessments reflect the value of the
prevailing market at 16:30 London time. The high and
low of each assessment are built around the specific value
that is assessed each day. Comments please to europe_
products@platts.com with a cc to pricegroup@platts.com
LPGASWIRE MONTH D, 2013
European LPG Weekly Averages, Date ($/mt) (PGL page 1776)
Code Propane Mid Change Code Butane Mid change
Northwest Europe
FOB Seagoing AABEU00 945.000–950.000 947.500 +20.000 FOB Seagoing AABEO00 835.000–840.000 837.500 +5.000
FOB ARA AABEV00 980.0000–985.000 982.500 +5.000 FOB ARA AABEP00 860.000–865.000 862.500 +10.000
FCA ARA* AABEW00 1010.000–1015.000 1012.500 +15.000 FCA ARA* AABEQ00 1870.000–1875.000 1872.500 +10.000
CIF 1-3k mt AABEX00 975.000–980.000 977.500 +20.000 CIF 1-3k mt AABER00 875.000–880.000 877.500 +5.000
CIF 7000+ mt AABEY00 965.000–970.000 967.500 +35.000 CIF 3000+ mt AABES00 880.000–885.000 882.500 +5.000
FOB 7000+ mt AAVKH04 940.000–945.000 942.500 +35.000 FOB 3000+ mt AAVKI04 843.000–848.000 845.500 +5.000
Western Mediterranean
FOB Ex-Refinery/Storage AABEZ00 985.000–990.000 987.500 +35.000 FOB Ex-Ref/Storage AABET00 890.000–895.000 892.500 +5.000
FCA Ex-Refinery/Storage* AABFA00 985.000–990.000 987.500 +35.000
CIF 7000+ mt AABFB00 965.000–970.000 967.500 +35.000
*FCA ARA refers to sales onto railcars and trucks in the Amsterdam-Rotterdam-Antwerp region
LPG Monthly Averages, Month Year ($/mt) (PGL page 1777)
Code Propane Mid Change Code Butane Mid change
Northwest Europe
FOB Seagoing AABEU00 945.000–950.000 947.500 +20.000 FOB Seagoing AABEO00 835.000–840.000 837.500 +5.000
FOB Seagoing PMUEA03 945.000–950.000 947.500 +20.000 FOB Seagoing PMUDU03 835.000–840.000 837.500 +5.000
FOB ARA PMUEB03 980.000–985.000 982.500 +5.000 FOB ARA PMUDV03 860.000–865.000 862.500 +10.000
FCA ARA* PMUEC03 1010.000–1015.000 1012.500 +15.000 FCA ARA* PMUDW03 1870.000–1875.000 1872.500 +10.000
CIF 1-3k mt PMUED03 975.000–980.000 977.500 +20.000 CIF 1-3k mt PMUDX03 875.000–880.000 877.500 +5.000
CIF 7000+ mt PMUEE03 965.000–970.000 967.500 +35.000 CIF 3000+ mt PMUDY03 880.000–885.000 882.500 +5.000
FOB 7000+ mt AAVKH03 940.000–945.000 942.500 +35.000 FOB 3000+ mt AAVKI03 843.000–848.000 845.500 +5.000
Western Mediterranean
FOB Ex-Refinery/Storage PMUEF03 985.000–990.000 987.500 +35.000 FOB Ex-Ref/Storage PMUDZ03 890.000–895.000 892.500 +5.000
FCA Ex-Refinery/Storage* PMUEG03 985.000–990.000 987.500 +35.000
CIF 7000+ mt PMUEH03 965.000–970.000 967.500 +35.000
*FCA ARA refers to sales onto railcars and trucks in the Amsterdam-Rotterdam-Antwerp region
EIA Propane stocks (PGL page 777)
million barrels PADD 27-Jan-12 11-Jan-13 18-Jan-13 25-Jan-13
East Coast EIANR00 1 5.023 5.023 5.023 5.023
Midwest EIANV00 2 21.555 21.555 21.555 21.555
Gulf Coast EIANW00 3 36.679 36.679 36.679 36.679
Total 1-3 63.257 63.257 63.257 63.257
US Total EIABM00 65.572 65.572 65.572 65.572
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 LPGASWIRE MONTH D, 2013

API monthly LPG inventories – Month Year

Ethane Propane Normal Butane Iso Butane Pentane Plus Total
Stocks Include Underground Inventories
East Coast 0 3290 964 136 32 4422
IND,ILL,KY,etc 95 4317 2065 649 525 7651
Mid Continent 2893 11273 2778 1287 1762 19993
E.Texas,Ark,etc 362 6371 892 564 38 8227
Gulf Coast 12351 9437 8313* 4050 6753 40904
West.Tex,N.Mex 1151 1090 909 507 555 4195
Rocky Mountains 321 383 371 178 172 1425
West Coast 0 475 2006 563 1124 4168
*The Normal Butane volume includes 3,812 thousand barrels of refinery grade butane for April.
Stocks Include Underground Inventories
Apr 2006 17156 36636 18298 7934 10961 90985
Mar 2006 19549 31140 15737 8259 9834 84519
Apr 2006 23725 29682 16152 6197 8403 84159
Source: API. All data are estimates made by the API based on reporting companies at plants, terminals, underground and refineries.

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 LPGASWIRE MONTH D, 2013

Subscriber notes (PGA page 1500)

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