US propylene inventories drop for third straight week

26 May 2010 20:42  [Source: ICIS news]

HOUSTON (ICIS news)--US propylene inventories fell by more than 2% during the week ended 21 May as refiners continued a gradual slowing of operating rates, the US Energy Information Administration (EIA) said on Wednesday.

It was the third straight drop in non-fuel use propylene inventory after a build in April.

Refinery-sourced propylene stockpiles last week stood at 2.938m bbl, down 2.65% from 3.018m bbl a week earlier.

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)

23 April	30 April	7 May	14 May	21 May
2.898	3.064	3.033	3.018	2.938

 Percent operable utilisation at US refineries (EIA)

23 April	30 April	7 May	14 May	21 May
88.9	89.6	88.42	87.94	87.84

 

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By: David Barry
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