US propylene stocks rise by 2.6% despite slower refinery rates

31 August 2011 23:18  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose by 2.6% in the fourth week of August despite a drop in operating rates at US refineries, Energy Information Administration (EIA) data revealed on Wednesday.
 
Refinery-sourced propylene inventories stood at 2.347m bbl in the week ended 26 August, up from 2.288m bbl a week earlier, according to EIA data.

US refineries operated at 89.2% of capacity last week, down from 90.3% in the week ended 19 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, €1,040/tonne) on Tuesday, unchanged from a week earlier.

 

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

26 Aug

19 Aug

12 Aug

5 Aug

29 July

2.347

2.288

2.430

2.452

2.442

 

Percent operable utilisation at US refineries (EIA)

26 Aug

19 Aug

12 Aug

5 Aug

29 July

89.2

90.3

89.1

90.0

89.3

($1 = €0.69)

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653



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