US propylene stocks rise for 13th straight week

14 December 2011 20:02  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose by 7% last week, representing the 13th consecutive weekly increase, Energy Information Administration (EIA) data showed on Wednesday.

The increase took stockpiles to 4.945m bbl in the week that ended on 9 December.

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

Meanwhile, US refinery operating rates dropped to 85.1% capacity against 87.7% a week earlier, EIA data showed.

December refinery-grade propylene (RGP) on Tuesday traded at 39 cents/lb ($860/tonne, €662/tonne), down from 40-41 cents/lb a week earlier.

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

9 Dec

2 Dec

25 Nov

18 Nov

11 Nov

4.945

4.631

4.359

4.130

3.857

 

Percent operable utilisation at US refineries (EIA)

9 Dec

2 Dec

25 Nov

18 Nov

11 Nov

85.1

87.7

84.6

85.5

84.8

($1 = €0.77)

For more on propylene visit ICIS chemical intelligence


By: Brian Balboa
+1 713 525 2653



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