20 January 2012 22:06 [Source: ICIS news]
HOUSTON (ICIS)--US propylene inventories dropped by 6% in the week ended 13 January, according to government data available on Friday, ending a four-month uptrend that took stockpiles to their highest level in the Energy Information Administration (EIA) database.
The reduction, which put inventories at 5.302m bbl, followed 17 consecutive weekly increases.
EIA figures refer to non-fuel refinery-sourced propylene.
Refinery-grade propylene (RGP) for January was bid on Friday at 54 cents/lb ($1,191/tonne, €917/tonne) with no offers.
January RGP traded on Wednesday at 50 and 52 cents/lb for railcar delivery.
($1 = €0.77)
For more on propylene visit ICIS chemical intelligence
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|