NGL prices took a beating last week, with the hypothetical barrels at both the Mont Belvieu, Texas, and Conway, Kan., hubs sinking to their lowest levels since early 2016. Margins also suffered across the board with the exception of natural gasoline.

Mont Belvieu ethane ended its two-week rally with a 3% stumble, and Conway ethane’s average price—in single digits for the eighth time in the last 10 weeks—continued to descend toward its record low for Hart Energy tracking of 2.25 cents per gallon (gal) in July 2012.

Ethane storage constraints eased enough to allow prices their recent upward float at Mont Belvieu, EnVantage Inc. said in a recent report, but clearly nowhere near enough for a sustained rally.

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