US propylene stocks, refinery rates drop slightly

17 August 2011 19:40  [Source: ICIS news]

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

Refinery-sourced propylene inventories stood at 2.430m bbl in the week ended 12 August, down by 0.9% from 2.452m bbl a week earlier, according to EIA data.

US refineries operated at 89.1% of capacity last week, down from 90.0% in the week ended 5 August, the government said.

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

Refinery-grade propylene (RGP) for August traded at 68 cents/lb this week, flat with deals done during the week ended 12 August.

RGP was bid at 67.50 cents/lb on Wednesday against a 72 cent/lb offer.

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

12 Aug

5 Aug

29 July

22 July

15 July

2.430

2.452

2.442

2.662

2.682

($1 = €0.69)

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653



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