US propylene stocks surge 20% as refineries run higher - EIA

17 November 2010 21:56  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories surged by 20% in the week ended 12 November while US refineries ran at higher rates, the US Energy Information Administration (EIA) said in a weekly report on Wednesday.

Refinery-sourced propylene stockpiles last week stood at 2.147m bbl, rising from 1.791m bbl in the week ended 5 November.

Meanwhile, US refineries operated at 84.0% of capacity, up from 82.4% a week earlier, the EIA said.

Non-fuel use propylene, as defined by the EIA, is intended for petrochemical manufacturing, including polymer- (PGP) and chemical-grade (CGP) propylene.

US refinery-grade propylene (RGP) on Wednesday traded at 48.25 cents/lb ($1,064/tonne, €787/tonne), unchanged from a deal done last week.

Refinery-source propylene accounts for around 60% of the US propylene supply.

US weekly non-fuel use propylene inventories – m bbl (EIA)

 12 Nov

 05 Nov

29 Oct

22 Oct

15 Oct

2,147

1,791

1,863

2.122

2.111

 

Percent operable utilisation at US refineries (EIA)

12 Nov

05 Nov

29 Oct

22 Oct

15 Oct

84.0

82.4

81.8

83.7

82.5

 

($1 = €0.74)

For more on propylene visit ICIS chemical intelligence
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By: William Lemos
+1 713 525 2653



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