US propylene inventories fall by 3% to 4.768m bbl

23 February 2012 19:56  [Source: ICIS news]

HOUSTON (ICIS)--US inventories of nonfuel propylene fell by 3% for the week ended 17 February, according to data released on Thursday by the US Energy Information Administration (EIA).

Inventories dropped to 4.768m bbl, down from 4.933m bbl for the week ended 10 February.

The decrease happened despite an increase in US refinery operating rates. US refineries operated at 85.5% of capacity for the week ended 17 February, compared with 84.0% for the previous week.

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

Refinery-grade propylene (RGP) for February was heard done at 65.00–69.00 cents/lb ($1,433–1,521/tonne, €1,089–1,156/tonne) on Thursday.

RGP was traded at 65.00-68.00 cents/lb at the end of 17 February.

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

17 Feb

10 Feb

3 Feb

27 Jan

20 Jan

4.768

4.933

4.951

5.011

5.256


Percent operable utilisation at US refineries (EIA)

17 Feb

10 Feb

3 Feb

27 Jan

20 Jan

85.5

84.0

82.8

81.8

82.2

($1 = €0.76)


By: John Dietrich
713-525-2600



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