Urethane Blog
US Propylene Inventories Rise
March 23, 2016
US propylene inventories rise by 6.7% week on week
17 March 2016 14:32 Source:ICIS News
HOUSTON (ICIS)–US propylene inventories increased by 6.7% in the week ending on 11 March, rebounding after two consecutive weeks of declines, according to the US Energy Administration (EIA).
Inventories for non-fuel refinery-sourced propylene rose to 3.013m bbl, up from 2.825m bbl in the previous week, the EIA data showed.
The increase came as gasoline production rose, even as refinery operating rates dipped just slightly.
|
EIA |
11 Mar |
04 Mar |
26 Feb |
19 Feb |
|
Propylene inventories (m bbl) |
3.013 |
2.825 |
2.891 |
3.127 |
|
Refinery operating rates (%) |
89.0 |
89.1 |
88.3 |
87.3 |
Year on year, propylene stockpiles remain 34% lower than they were in the week ending on 13 March 2015, when they totaled 4.597m bbl, according to EIA data.
Front-month March refinery-grade propylene (RGP) was last bid at 19.875 cents/lb against no fresh offers on Wednesday, compared with the last reported trade at 22.000 cents/lb on 10 March.
http://www.icis.com/resources/news/2016/03/17/9980071/us-propylene-inventories-rise-by-6-7-week-on-week/
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