Short-term liquefied petroleum gas (LPG) tank car lease rates slipped as the new April to March contract season opened. Trading activity was quiet as market participants wrapped up final details of the contracting process. Many market participants are headed to an industry trade show as contract negotiations continue.
Many market participants expect activity to pick up mid-month as the final supply contracts are inked.
Propane and butane rail shipments have been on the light side.
The butane rail market has been quiet, as well. Some refineries are wrapping up their seasonal turnarounds and butane production remains light. One distributor reports trucking butane to storage sites. S...