US propylene stocks drop for six consecutive weeks

13 April 2011 20:02  [Source: ICIS news]

HOUSTON (ICIS)--US propylene stocks remained at their lowest level in more than three years in the first week of April, after dropping for six weeks in row, government data showed on Wednesday.

Refinery-sourced propylene inventories stood at 1.523m bbl in the week ended 8 April, down by 6.6% from 1.630m bbl a week earlier, the Energy Information Administration (EIA) said.

US refineries operated at 81.4% of capacity last week, down from 84.4% in the week ended 1 April, according to the government.

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

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

 8 April

 1 April

 25 Mar

 18 Mar

 11 Mar






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By: William Lemos
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