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

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly