02 February 2011 22:20 [Source: ICIS news]
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)?xml:namespace> 28 Jan 21 Jan 14 Jan 7 Jan 31 Dec 2.530 2.480 2.531 2.352 2.166
US weekly non-fuel use propylene inventories – m bbl (EIA)?xml:namespace>
($1 = €0.72)For more on propylene visit ICIS chemical intelligence
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