| Argus LPG World |
| 5/15号 |
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Markwest grabs Keystone
US NGL company Markwest continues its ambitious asset expansion programme
with the acquisition of Keystone, which holds vital processing facilities...
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Changing market
Evidence of the deep transformation affecting LPG market fundamentals is
particularly clear this month...
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Respol-YPF rues YPF loss
China drops prices
Corunna cracker prepares for Marcellus
DCP on target to raise line capacity
Targa profits rise
Russian output rises again
Keyera, Pembina NGLs throughout rises
Canadian stocks rise
Oneok posts ‘exceptional performance’
US stockbuid rises
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Japanese output set to recover
Japan’s LPG production is expected to rebound this year as all the country’s
refineries resume operations after last year’s devastating earthquake and
tsunami...
Thailand caps autogas prices
The Thai government has capped LPG prices in the transport sector for the
next three months, delaying plans to hike subsidized prices by more than
40pc by the end of this year...
Australian exports ease
Australian LPG exports dropped in March after hitting a five-month high
in February...
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Russian growth eases
The second part of the annual Argus autogas survey focuses on the challenges
facing Europe, including Turkey and Russia...
Turkish market remains strong
Turkey’s autogas sector remains one of Europe’s largest markets as consumption
continues to rise and the country benefits from strong support by manufactures
and retails...
Bulgarian demand falters
Autogas demand in Bulgaria fell last year, along with general consumption
of transport fuels...
Dutch market still robust
Autogas demand in the Netherlands rose last year to 372,500t from 340,000t
one year earlier..
Germany prepares for tax challenge
Germany’s autogas sector continues to grow, although the pace has slowed...
Spanish market poised for growth
Spain’s autogas market is set for significant growth as a result of initiatives
from the new Spanish government and efforts by the sector...
Autogas under EU legislative threat
The EU’s autogas sector faces a challenging legislative landscape over
the next two years, with proposed EU laws on energy efficiency and taxation
as well as revisions of various technical standards...
France loses government support
French autogas sector faces an uncertain future and will be determined
by the policies of the new government...
UK demand at standstill
UK autogas consumption last year was unchanged from 2010- at 98,000 t/yr-
but future growth remains unclear, according to the UKLPG association (UKLPG)...
Polish autogas benefits from diesel price hikes
Poland is still Europe’s third-largest autogas market amid declining demand
in the past four years...
Italy attracts new breed of consumers
The Italian autogas sector looks robust, with healthy sales of LPG vehicles
and autogas consumption still rising, despite the removal of government
incentives more than a year ago...
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Europe
Propane
Large cargo cif Amsterdam-Rotterdam-Antwerp (ARA) prices continued to fall
sharply...
Butane
Large cargo cif Amsterdam-Rotterdam-Antwerp (ARA) prices fell by more than
$100/t to $836/t by the middle of the month...
Asia
Propane
A surge of propane spot availability from the Middle East failed to dent
spot prices, which rose from June Saudi Aramco Contract Price (CP) plus
$45/t to a high of CP plus $70/t over the past two weeks on a cfr basis...
Butane
Weakening naphtha cif Japan values dampened buying interest in the butane
market despite tight supply...
America
Propane
Outright prices at the US trading hub of Mont Belvieu, Texas, declined
sharply in the first half of May, to 102.75￠USG from 113.62￠USG by 11 May...
Butane and ethane
Ethane prices at Mont Belvieu declined in the first two weeks of May, failing
to 45.37￠USG from 48.68￠USG, reflecting a lack of demand because of maintenance
at petrochemical plants...
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