US propylene inventories fall 7.6% to lowest level since October

18 April 2012 21:18  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 7.6% in the second week of April to their lowest level in almost six months, data from the Energy Information Administration (EIA) showed on Wednesday.

Propylene inventories were at 3.692m bbl for the week ended 13 April, down from 3.995m bbl a week earlier

The level is the lowest for US inventories since the week ended 21 October, when stockpiles were recorded at 3.629m bbl.

US refinery operating rates were 84.6%, up from 83.8% in the previous week. EIA figures refer to none-fuel refinery-sources propylene.

US refinery-grade propylene (RGP) for April traded on Wednesday at 69 cents/lb ($1,521/tonne, €1,156/tonne), down from offers seen at 71.5 cents/lb at the start of the week.

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

13 April

6 April

30 Mar

23 Mar

16 Mar

3.692

3.995

4.140

4.175

4.501

 

Percent operable utilisation at US refineries (EIA)

13 April

6 April

30 Mar

23 Mar

16 Mar

83.8

83.8

85.7

84.5

82.2



By: John Dietrich
713-525-2600



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