Propane Imports Jump, Exports Edge Up

While propane exports from U.S. shores barely rose during December compared to a month earlier, imports jumped a significant 60.1%, with an additional 2,128,401 bbl arriving compared to November, according to the U.S. Department of Commerce (DOC), which pegged December levels at 5,671,308 bbl. For the year, imports showed a more modest 8.1% increase, stepping up by 426,240 bbl.

Propane exports posted a 1.3% gain month over month, rising 163,054 bbl to stand at 12,470,525 bbl by month’s end, reports DOC. Compared to December 2012, exports climbed a whopping 97.2%, or by 6,146,559 bbl.

Meanwhile, butane exports also ramped up in December, rising 78.5%, or 391,594 bbl, from November to end the month at 889,805 bbl, 42%, or 264,048 bbl, higher than a year earlier. Butane imports slumped for the month and year, falling 18%, or 60,075 bbl, under November and a steeper 44.3%, or 217,793 bbl, from December 2012.

Recapping the DOC report:

      IMPORTS      
PROPANE   Volume in BBL   BUTANE   Volume in BBL
Canada to:       Canada to:    
Portland, ME   110,741   Buffalo, NY   21,583
St. Albans, VT   511,637   Seattle, WA   117,399
Ogdensburg, NY   238,070   Great Falls, MT   16,403
Buffalo, NY   723,302   Pembina, ND   750
Seattle, WA   172,282   Duluth, MN   4,539
Anchorage, AK   7,409   Detroit, MI   98,137
Great Falls, MT   469,421   Canadian Total   258,811
Pembina, ND   2,423,061        
Duluth, MN   108,912   Rep.Korea-NY City   1,716
Minneapolis, MN   193,374   Italy-Chicago   48
Detroit, MI   472,824   Rep.Korea-Norfolk   510
Canadian Total   5,431,033   Rep.Korea-Los Angeles   10,491
        Rep.Korea-San Francisco   458
Dominican Republic-Hawaii   39,454   Rep.Korea-Seattle   1,700
Dominican Republic-Puerto Rico 71,960   TOTAL BUTANE   273,734
Trinidad-Puerto Rico   50,040        
Dominican Republic-Virgin Islands 59,381   Value CIF   $19,445,268
Colombia-Virgin Islands   19,440   Value/bbl   $71.04
TOTAL PROPANE   5,671,308   Value Cents/Gal.   169.14
             
Value CIF   $277,220,797        
Value/bbl   $48.88        
Value Cents/Gal.   116.38        
      EXPORTS    
    Volume   Value Value Value
PROPANE   in BBL   CIF per BBL Cents/Gal.
United States to:            
Canada   158,223   $9,402,789 $59.43 141.49
Mexico   3,469,401   211,277,109 60.90 144.99
Central America   3,727,927   209,862,740 56.29 134.04
Caribbean   593,575   31,869,980 53.69 127.84
Europe   1,424,785   83,544,777 58.64 139.61
Far East   3,096,118   181,627,776 58.66 139.67
Pacific   496   28,286 57.03 135.78
TOTAL PROPANE   12,470,525   $727,613,457 $58.35 138.92
             
BUTANE            
United States to:            
Canada   345,168   $23,003,013 $66.64 158.67
Mexico   53,654   3,330,724 62.08 147.80
Central America   277,113   17,730,025 63.98 152.34
Caribbean   142   8,775 61.80 147.13
Africa   213,728   16,651,437 77.91 185.50
TOTAL BUTANE   889,805   $60,723,974 $68.24 162.49