Tumbling propane values put ethane at disadvantage in US

For the first time in at least 20 years, the US price of ethane is less than its value as a heating fuel. Prices had already fallen to levels last seen 10 years ago, the consequence of a natural gas market glutted with shale-based material—and plunging propane values are driving ethane prices further under water. Analysts at IHS Chemical expect ethane prices to remain low and the market long until new world-scale crackers sited in the United States go online in 2016 and 2017 and consume large volumes of ethane. US ethylene producers will until then continue...

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