US propylene inventories up 2.6%; remains at 33-month high

26 October 2011 22:13  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories remained at their highest level in 33 months after rising by 2.6% in the third week of October, Energy Information Administration (EIA) data showed on Wednesday.

Propylene stockpiles stood at 3.629m bbl in the week that ended 21 October, up from 3.536m bbl a week earlier, EIA data showed.

The figure is the highest reported by the government since 3.723m bbl in the week ended 23 January 2009.

EIA figures refer to non-fuel, refinery-sourced propylene.

US refinery operating rates rose to 84.8% last week, an increase that followed four consecutive weekly drops.

Refinery-grade propylene (RGP) for November was bid at 45.50 cents/lb ($1,003/tonne, €722/tonne), up from 45 cents/lb on Tuesday, with no offers.

RGP for October traded last week at 44–45 cents/lb.

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

21 Oct

14 Oct

07 Oct

30 Sep

23 Sep

3.629

3.536

3.421

3.354

3.196

Percent operable utilisation at US refineries (EIA)

21 Oct

14 Oct

07 Oct

30 Sep

23 Sep

84.8

83.1

84.2

87.7

87.8

($1 = €0.72)

For more on propylene visit ICIS chemical intelligence

 


By: William Lemos
+1 713 525 2653



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