US propylene stocks rise 2%, refinery op rates increase - EIA

02 February 2011 22:20  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose by 2% in the last week of January as refineries increased operating rates, the Energy Information Administration (EIA) said on Wednesday.

Refinery-sourced propylene stockpiles stood at 2.530m bbl in the week ended 28 January, up from 2.480m bbl a week earlier.

Meanwhile, US refineries operated at 84.5% of capacity, up from 81.8% the previous week.

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

PGP for February delivery traded last week at 75.00 cents/lb, down from 75.50 cents/lb on 18 January.

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

 28 Jan

 21 Jan

 14 Jan

 7 Jan

 31 Dec

2.530

2.480

2.531

2.352

2.166

($1 = €0.72)

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By: William Lemos
+1 713 525 2653



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