Platts launches Canadian NGLs assessments in Edmonton, Sarnia

Platts, part of S&P Global Commodity Insights, has started publishing assessments for propane and field grade butane in Edmonton, as well as for propane, butane and isobutane in Sarnia to provide transparency for the Canadian NGLs market, effective Nov. 1, 2024.

In addition, Platts has launched a new assessment for second-month propane at Conway.

Platts announced the launch of these new assessments in a subscriber note published Oct. 17, found here: Platts to launch Canadian NGLs assessments in Edmonton, Sarnia from Nov. 1 | S&P Global Commodity Insights

Edmonton

Fractionators in the Edmonton area produce the greatest volume of NGLs in the country, with field grade butane for use mostly in crude blending, in addition to propane which is either consumed locally or exported mainly to the US or Asia.

Platts understands that multiple streams of Canadian NGLs trade in the Edmonton area. Platts may normalize bids, offers, and trades from any streams of NGLs traded in the area back to an Edmonton/Fort Saskatchewan basis.

Platts understands spot trade for Edmonton NGLs reflects barrels for any day in the specified delivery month -- also known as "any" barrels -- through the end of the month. Second-month trade reflects delivery one month forward from the current month.

The new Edmonton assessments are as follows:

For propane, in addition to outright prices, Platts has started publishing differentials for both the prompt and second-month delivery against the corresponding month propane assessment in Conway, Kansas.

For butane, in addition to outright prices, Platts has started publishing the ratio against the NYMEX WTI Calendar Month Average (CMA), as well as the underlying CMA for both months of butane assessments.

QUALITY: The quality of propane and field grade butane reflects the typical quality of the product available at Edmonton/Fort Saskatchewan.

VOLUME: Minimum size is 1,000 cu m for propane and 500 cu m for field grade butane.

In addition, Platts has launched a new second-month propane assessment for Conway:

Sarnia

Platts understands that there are multiple streams of propane, butane and isobutane trading in the Sarnia area, which can arrive via Enbridge Line 5 pipeline from Edmonton, as well as by rail or truck.

The new Sarnia assessments are as follows:

In addition to outright prices, Platts has started publishing differentials for Sarnia propane, butane and isobutane against the corresponding delivery month Enterprise products at Mont Belvieu.

QUALITY: The quality of propane, butane and isobutane reflects the product originating from the Plains-operated Sarnia fractionator and Pembina storage facility in the Corunna, Ontario, area.

VOLUME: Platts understands products traded in this market do not require a minimum batch size, though typical volumes trade in the range of 6,000 barrels.

The assessments will be published daily, except on US or Canadian holidays.

The new Edmonton and Sarnia assessments can be found in LPGaswire , US Marketscan , Oilgram Price Report, and on the fixed pages PGL3132 and PCA3132. A new daily commentary on the Canadian NGLs market can be found in LPGaswire and on fixed pages PGL3131 and PCA3131.

The new second-month Conway propane assessments can be found on fixed pages PGA780 and PRF780 .

Please send any questions, comments or feedback to americas_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.