Tempted

With ethane prices down more than 30% in January alone, consumers and analysts on the consuming end of the ethane pipeline might be tempted to say the market is moving toward saturation. Not so, said Enterprise Products Partners COO Jim Teague; the bears are “talking their book.

Producers who may have been tempted to sing a few (paraphrased)bars of “It’s beginning to look a lot like winter” upon seeingTuesday’s weather reports probably stifled the urge after cashprices at most points fell by widely varying amounts. The softnessoccurred despite cold to very cold temperatures pervading almostevery part of Canada and the U.S.