US propylene stocks end 2011 at highest level on EIA database

06 January 2012 22:55  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose by 4% to 5.481m bbl in the last week of December, the Energy Information Administration (EIA) reported, the highest figure on the government's database, which dates back to January 2003.

The increase was also the 16th consecutive weekly jump in propylene inventories reported by the EIA.

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

Refinery-grade propylene (RGP) for January was bid at 39 cents/lb ($860/tonne, €662/tonne) on Thursday with no offers.

RGP traded at 38 cents/lb in the last week of December.

US refineries ran at 85% of capacity in the last week of 2011, down from 88.0% a year earlier, EIA data showed.

US weekly non-fuel use propylene inventories – m bbl (EIA)
30 Dec	23 Dec	16 Dec	9 Dec	2 Dec
5.481	5.275	5.090	4.945	4.631

 

Percent operable utilisation at US refineries (EIA)
30 Dec	23 Dec	16 Dec	9 Dec	2 Dec
85.0	84.2	84.9	85.1	87.7

($1 = €0.77)

 

For more on propylene visit ICIS chemical intelligence

By: William Lemos
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