US propylene stocks fall 1.9%, refineries run slower

15 June 2011 19:52  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell in the second week of June along with a drop in operating rates at US refineries, the Energy Information Administration (EIA) said on Wednesday.

Refinery-sourced propylene inventories stood at 2.402m bbl in the week ended 10 June, down 1.9% from 2.449m bbl a week earlier, the EIA said.

US refineries operated at 86.1% of capacity last week, down from 87.2% a week earlier, according to the government.

EIA figures refer to non-fuel use propylene, which is intended for petrochemical manufacturing.

Refinery grade propylene (RGP) for June was offered at 74 cents/lb ($1,631/tonne, €1,125/tonne) on Wednesday, up from a deal done at 72 cents/lb on Tuesday.

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

 10 June

 03 June

 27 May

 20 May

 13 May

2.402

2.449

2.363

1.810

1.676

($1 = €0.69)

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653



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