US propylene inventories rise 3%, remain at six-year high

21 December 2011 21:05  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories remained at a six-year high in the second week of December, after climbing by 3% from a week earlier to 5,090m bbl, Energy Information Administration (EIA) data showed on Wednesday.

The figure is the highest in the EIA series since 5.162m bbl during the week that ended on 12 August 2005.

It is also the 14th consecutive weekly increase reported by the government.

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

The increase last week came despite a drop in operating rates at US refineries, which ran at 84.9% of capacity last week versus 85.1% a week earlier, EIA data showed.

Refinery-grade propylene (RGP) for December was bid at 38.25 cents/lb ($843/tonne, €641/tonne) on Wednesday against a 40.00 cent/lb offer.

December RGP traded on Tuesday at 38.50 cents/lb.

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

16 Dec

9 Dec

2 Dec

25 Nov

18 Nov

5.090

4.945

4.631

4.359

4.130


Percent operable utilisation at US refineries (EIA)

16 Dec

9 Dec

2 Dec

25 Nov

18 Nov

84.9

85.1

87.7

84.6

85.5

($1 = €0.76)

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653



AddThis Social Bookmark Button

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