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






($1 = €0.71)

For more on propylene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: William Lemos
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index