Strong build season expected while growing exports will limit growth in days of disposition - The EIA weekly estimates of propane stocks have reported builds every week since the week ending March 8, 2019. In 2018 and 2017 strong consistent builds did not begin until the end of April.
It is likely that the 2018-2019 winter heating season will finish out the year being recorded as colder than we have seen recently. While nowhere near as cold as the historic 2013-2014 polar vortex season, by the third week of March this season had seen 454 more heating degree days than average across the 2015 through 2017 seasons, at the same point.
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