US propylene inventories fall 7.2%, hit lowest spot since Nov

28 March 2012 19:59  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 7.2% last week to 4.175m bbl, US Energy Information Administration (EIA) figures showed on Wednesday.

US propylene inventories were at their lowest level since the week ended 18 November 2011, when inventories were at 4.130m bbl.

The fall also continued a trend in which inventory levels have fallen in 10 of the past 11 weeks from a high of 5.633m bbl in the week ended 6 January 2012.

US refineries operated at 84.5% of capacity for the week that ended on 23 March, up from 82.2% a week earlier, the EIA data showed.

Refinery-grade propylene (RGP) for April was bid on Wednesday at 70 cents/lb ($1,543/tonne, €1,157/tonne). A deal for April material was done on Tuesday at 69.75 cents/lb.

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

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

23 Mar

16 Mar

9 Mar

2 Mar

24 Feb

4.175

4.501

4.326

4.363

4.732

($1 = €0.75)


By: John Dietrich
713-525-2600



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