Liquefied petroleum gas (LPG) tank car sublease rates were mostly flat in the latest week as the market began to slip into holiday mode.
"People are slowly [starting] to go home for the holidays and the phones are getting quiet," said one individual at a broker firm.
Market participants cited Canada rail as an ongoing area of concern. One logistics and marketing professional at a midstream firm said natural gas liquids (NGL) shipments were “kicked to the curb” in terms of priority after the WCS-WTI price differential became such that Canadian product looked “cheap” and there was a good deal of demand to take product out of Canada.
“The price for Western Canada Select (WCS...