US propylene inventories snap 4-month uptrend after 6% drop

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

By: William Lemos
+1 713 525 2653

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