05 January 2011 20:28 [Source: ICIS news]
Refinery-sourced propylene stockpiles stood at 2.166m bbl last week, down from 2.189m bbl in the week ended 24 December.
Meanwhile, US refineries operated at 88.0% of capacity, up from 87.8% 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.
Refinery-grade propylene (RGP) for January traded on Wednesday at 72.00 cents/lb ($1,587/tonne, €1,190/tonne), up from 71.00 cents/lb last week.
($1 = €0.75)
US weekly non-fuel use propylene inventories – m bbl (EIA)?xml:namespace> 31 Dec 24 Dec 17 Dec 10 Dec 3 Dec 2.166 2.189 2.027 1.875 1.807
US weekly non-fuel use propylene inventories – m bbl (EIA)?xml:namespace>
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