US propylene inventories fall by 3.5% to 3.995m bbl

11 April 2012 21:03  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 3.5% in the first week of April along with a drop in operating rates at US refineries, data from the Energy Information Administration (EIA) showed on Wednesday.

Propylene inventories were at 3.995m bbl in the week that ended on 6 April, down from 4.140m bbl a week earlier, EIA figures showed.

US refineries operated at 83.8% of capacity that week, down from 85.7% during the week that ended on 30 March.

US refinery-grade propylene (RGP) for April traded at 71.50 cents/lb ($1,576/tonne, €1,198/tonne) on Wednesday, flat with Tuesday, but down from 72.50 cents/lb a week earlier. 

US weekly non-fuel use propylene inventories – m bbl (EIA)
06 April	30 Mar	23 Mar	16 Mar	9 Mar
3.995	4.140	4.175	4.501	4.326

Percent operable utilisation at US refineries (EIA)
06 April	30 Mar	23 Mar	16 Mar	9 Mar
83.8	85.7	84.5	82.2	82.7

($1 = €0.76)

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By: William Lemos
+1 713 525 2653

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