US propylene stocks drop 1.7%, refineries run slower

14 September 2011 22:19  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 1.7% in the first week of September, while US refineries ran at slower rates, data from the Energy Information Administration (EIA) revealed on Wednesday.
 
Refinery-sourced propylene inventories stood at 2.897m bbl in the week ended 9 September, down from 2.947m bbl a week earlier, according to EIA figures.

US refineries operated at 87.0% of capacity last week, down from 89.0% in the week ended 2 September, the government said.

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

Refinery-grade propylene (RGP) for September was offered on Wednesday at 67.25 cents/lb ($1,483/tonne, €1,083/tonne) with no bids. RGP traded at 67.00 cents/lb on Monday.

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

9 Sep

2 Sep

26 Aug

19 Aug

12 Aug

2.897

2.947

2.347

2.288

2.430

Percent operable utilisation at US refineries (EIA)

9 Sep

2 Sep

26 Aug

19 Aug

12 Aug

87.0

89.0

89.2

90.3

89.1

($1 = €0.73)

For more on propylene visit ICIS chemical intelligence

 


By: William Lemos
+1 713 525 2653



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