i dunno but good spot to reload. Feb PGP settled at 79 (but march looking down). Still looking at 70c distribution for the quarter. That 45+21+28+70 = 1.64 for the year or 11.5% - someone tell me what I am missing?
I took your advice and have been following PGP pricing news at ICIS and CME. Very confusing, to say the least, especially since I don't understand how the (very sporadic) pricing on CME relates to the contractual pricing that PDH gets. But from what I see, the pricing for PGP/PCW has dropped quite a bit in March. Early in the month, there were indications in the futures market of a 73 cent price, with absolutely zero volume, and now articles on ICIS are talking about 64 cents pricing. However these numbers relate to PDH, it looks like pricing has softened quite a bit since January, which I assume is why PDH has been so weak. For Q1, the numbers have to be better than Q4, and I would think by a wide margin, but the trens doesn't seem too good.