US propylene stocks down despite higher refinery runs - EIA

16 March 2011 22:03  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 2.2% in the second week of March despite increased operating rates at US refineries, the Energy Information Administration (EIA) said on Wednesday.

Refinery-sourced propylene stockpiles stood at 2.468m bbl in the week ended 11 March, down from 2.524m bbl a week earlier.

Meanwhile, US refineries operated at 83.4% of capacity, up from 82.0% in the previous week.

EIA figures refer to non-fuel use propylene, which is intended for petrochemical manufacturing, including polymer-grade (PGP) and chemical-grade (CGP) propylene.

March PGP was offered on Wednesday at 79.00 cents/lb ($1,742/tonne, €1,237/tonne).

Meanwhile, refinery-grade propylene (RGP) for March was bid at 70 cents/lb, steady with deals done at that level last week.

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

11 Mar

 4 Mar

  25 Feb

 18 Feb

  11 Feb

 2.468

 2.524

 2.591

2.541

 2.619

($1 = €0.71)


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By: William Lemos
+1 713 525 2653



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