US propylene inventories drop 4.7% to 5.011m bbl

01 February 2012 21:49  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 4.7% in the last week of January, government data revealed on Wednesday, also showing a small drop in operating rates at US refineries.

US refineries operated at 81.8% of capacity last week, down from 82.2% a week earlier, Energy Information Administration (EIA) figures showed.

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

Refinery-grade propylene (RGP) for February was offered on Wednesday at 66.50 cents/lb ($1,466/tonne, €1,114/tonne) with no bids.

RGP traded last week at 64 cents/lb.

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

27 Jan

20 Jan

13 Jan

06 Jan

30 Dec

5.011

5.256

5.302

5.633

5.481

Percent operable utilisation at US refineries (EIA)

27 Jan

20 Jan

13 Jan

06 Jan

30 Dec

81.8

82.2

83.7

85.6

85.0


($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

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