US propylene stocks rise 2.8%, remain at record high

11 January 2012 21:52  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories remained at a record high in the week ended 6 January, after rising by 2.8% from a week earlier, data from the Energy Information Administration (EIA) showed on Wednesday.

The increase, which put inventories at 5.633m bbl, was the 17th consecutive weekly jump in propylene inventories reported by the EIA.

It is also the highest figure on the government's database, which dates back to January 2003.

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

RGP for January was bid on Wednesday at 41.50 cents/lb ($915/tonne, €714/tonne) without offers. RPG traded at 39.50 cents/lb last week.

An offer for first-quarter delivery was heard at 49 cents/lb earlier in the day.

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

06 Jan

30 Dec

23 Dec

16 Dec

9 Dec

5.633

5.481

5.275

5.090

4.945

 

Percent operable utilisation at US refineries (EIA)

06 Jan

30 Dec

23 Dec

16 Dec

9 Dec

85.6

85.0

84.2

84.9

85.1

($1 = €0.78)

 

For more on propylene visit ICIS chemical intelligence


By: William Lemos
+1 713 525 2653



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