US propylene stocks down 6% despite higher refinery rates

24 August 2011 19:50  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 6% in the third week of August despite a small increase in operating rates at US refineries, Energy Information Administration (EIA) data revealed on Wednesday.

Refinery-sourced propylene inventories stood at 2.288m bbl in the week ended 19 August, down from 2.430m bbl a week earlier, according to EIA data.

US refineries operated at 90.3% of capacity last week, up from 89.1% in the week ended 12 August, the government said.

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

Refinery-grade propylene (RGP) for September traded at 68.375 cents/lb ($1,507/tonne, €1040/tonne) on Wednesday, up from 68.000 cent/lb last week.

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

19 Aug

12 Aug

5 Aug

29 July

22 July

2.288

2.430

2.452

2.442

2.662

 

Percent operable utilisation at US refineries (EIA)

19 Aug

12 Aug

5 Aug

29 July

22 July

90.3

89.1

90.0

89.3

88.3

($1 = €0.69)

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653



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