26 October 2011 22:13 [Source: ICIS news]
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
US weekly non-fuel use propylene inventories – m bbl (EIA)
Percent operable utilisation at US refineries (EIA)
($1 = €0.72)
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