US propylene inventories fall by 0.4% to 4.933m bbl

15 February 2012 21:57  [Source: ICIS news]

HOUSTON (ICIS)--US inventories of nonfuel propylene fell by 0.4% for the week ended 10 February, according to data released by the US Energy Information Administration (EIA) on Wednesday.

Inventories dropped to 4.933m bbl, down from 4.951m bbl for the week ended 3 February.

The decrease happened despite an increase in refinery operating rates. US refineries operated at 84.0% of capacity for the week ended 10 February, compared with 82.8% for the previous week.

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

Refinery-grade propylene (RGP) for February was heard done at 66.25–66.375 cents/lb ($1,461–1,463/tonne, €1,110–1,112/tonne) on Wednesday.

RGP traded on Friday at 64.0–67.5 cents/lb.

US weekly non-fuel use propylene inventories – m bbl (EIA)
10 Feb	3 Feb	27 Jan	20 Jan	13 Jan
4.933	4.951	5.011	5.256	5.302

 

Percent operable utilisation at US refineries (EIA)
10 Feb	3 Feb	27 Jan	20 Jan	13 Jan
84.0	82.8	81.8	82.2	83.7

($1 = €0.76)

By: John Dietrich
713-525-2600

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