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







Percent operable utilisation at US refineries (EIA)

12 Nov

05 Nov

29 Oct

22 Oct

15 Oct







($1 = €0.74)

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By: William Lemos
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