US propylene stocks rise, snapping six-week downtrend

20 April 2011 22:23  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose for the first time after six consecutive weekly drops, government data showed on Wednesday.

Refinery-sourced propylene inventories stood at 1.584m bbl in the week ended 15 April, up by 4% from 1.523m bbl a week earlier, the Energy Information Administration (EIA) said.

US refineries operated at 82.5% of capacity last week, up from 81.4% in the week ended 8 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)

15 April	8 April	1 April	25 Mar	18 Mar
1.584	1.523	1.630	1.736	2.100

 

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By: William Lemos
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