US propylene stocks jump 12% on rising refinery runs
21 April 2010 20:27 [Source: ICIS news]
HOUSTON (ICIS news)--US propylene inventories rose by 12% in the week ended 16 April, the US Energy Information Administration (EIA) said on Wednesday, as it reported a continued increase in refinery operating rates.
Refinery-sourced propylene stockpiles last week stood at 2.773m bbl, up from 2.470m bbl in the week ended 9 April, the EIA said.
The weekly increase came amid higher operating rates at US refineries.
Refineries ran at 85.9% last week, up from low point of 78.4% in the second week of January, according to EIA data.
Non-fuel use propylene, as defined by the EIA, is intended for petrochemical manufacturing, including polymer and chemical-grade propylene.
|
US weekly non-fuel use propylene inventories – m bbl (EIA) | ||||
|
16 April |
9 April |
2 April |
26 Mar |
19 Mar |
|
2.773 |
2.470 |
2.349 |
2.178 |
2.257 |
|
Percent operable utilisation at US refineries (EIA) | ||||
|
16 April |
9 April |
2 April |
26 Mar |
19 Mar |
|
85.9 |
85.6 |
84.5 |
82.6 |
81.1 |
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By: William Lemos
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