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






Percent operable utilisation at US refineries (EIA)

21 Oct

14 Oct

07 Oct

30 Sep

23 Sep






($1 = €0.72)

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653

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