EBITDA grew by 6% qoq (-20% yoy) to $735 m, driven by the increase in the share of HVA products in total sales and by wider price spreads
to raw materials.
"Several ports across Asia are coping with limited availability of high-sulfur fuel oil (HSFO) for bunkers, with price spreads
relative to Singapore rising to record highs," the report said.
By providing listed companies with competitive price spreads
and deeper liquidity pools, we look forward to helping them attract fresh capital whilst building on our long-standing reputation and track-record.
Widening price spreads
between international crude oils (such as Brent) and domestic crude oils (such as WTI) further bolstered exports, since U.S.
The top panel shows little change in the average generation level within a NYC load decile across the four quartiles of fuel price spreads
. The average level of generation across the city seems to be slightly higher in load deciles 6-10, although these differences are not statistically significant.
The company provides direct access to interbank quotes, has no hidden price spreads
and offers a transparent pricing scheme.
"DGCX will have market makers in place from the very first day of trade to ensure high liquidity and competitive price spreads
. DGCX plastic futures contracts will create a transparent market and new pricing benchmark for the MENA region."
But usage rates are as much governed by price spreads
as they are by outright price levels, and the recent sharp widening in 2012 to 2013 soybean spreads suggests end users have a strengthening incentive to postpone purchases for as long as possible even after the recent steep pullback in nearby prices.
"But it is also clear that (price spreads
) will return to previous levels once the refineries come back on," Laut told analysts.
This has reduced the price spreads
necessary to attract Rockies gas and significantly reduced utilization of the REX Pipeline.
Leverage and price spreads
within equity markets are different from leverage and price spreads
in commodities; trading in derivatives is even more leveraged.
Transportation revenue was up 35% year over year, which reflects cash flows from expansion projects and the impact of pipeline anomalies last year, but masks lower interruptible and short-term firm transportation revenue resulting from weaker natural gas price spreads
. We'll keep our eyes on this trend and the resulting weaker contract renewal terms Boardwalk has been facing this year, but we still think Boardwalk's footprint is one of the most attractively positioned companies in the industry.