Markets returning to normal; petchem demand running strong

About this series ... This article begins a regular quarterly series, updating developments in the US propane industry.In second-quarter 2004 North American propane markets and gas processing extraction rates returned to their 5-year averages, indicating that supply is effectively back to normal. Petrochemical consumption ran above normal, however, as it has since the first of the year and, in effect, prevented a normal stock build.If this situation continues, there will be serious consequences for the 2004-05 winter heating season.This article analyzes sector by sector through supply, demand, and inventories what the US second-quarter situation 2004 was and forecasts trends for the follo...

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