Launched Today: NGL Basket OPIS Mont Belvieu Non-TET
OPIS is pleased to announce the launch of its NGL Basket OPIS Mont Belvieu Non-TET, a single daily price based on and derived from the daily averages of the components of Y-Grade that allows for pricing of the total slate of NGL products priced by OPIS.
Additionally, the Intercontinental Exchange (ICE) is launching today a futures contract for the same index, which will allow for hedging NGLs over one contract, reducing expenses and price volatility of individual products, simplifying exposure to the NGL market, and providing ease of entry for market participants.
The NGL Basket Mont Belvieu Non-TET price will be calculated as follows: C2 – Purity Ethane (Mont Belvieu) 42%, C3 – Propane 28%, Nc4 – Normal Butane 11%, IC4 – Isobutane 6%, and C5 – Natural Gasoline 13%.
The new index will be labeled “NGL Basket OPIS MB Non-TET” and will be published every business day in the OPIS North America LPG Report.
This new product joins a long list of OPIS-referenced products available on ICE including NGLs and refined products listings.
If you have any questions about the new index or would like the number added to your custom reports, please contact our customer service team at email@example.com or 1-888-301-2645, Robert Gough, VP of Content, firstname.lastname@example.org, +1 301-284-2138 or Diane Miller, Director, Global LPG & Feedstocks, email@example.com, +1 732-730-2530.