09 May 2012 22:11 [Source: ICIS news]
HOUSTON (ICIS)--US propylene inventories rose by 2.5% in the first week of May along with a small increase in operating rates at US refineries, data from the Energy Information Administration (EIA) showed on Wednesday.
Propylene inventories were at 3.626m bbl in the week that ended on 4 May, up from 3.539m bbl a week earlier.
US refinery operating rates climbed for the fourth week in a row, averaging 86.4% of capacity last week, up from 86.0% in the previous week, EIA data showed.
Refinery-grade propylene (RGP) was offered at 56 cents/lb ($1,235/tonne, €951/tonne) on Wednesday with no bids. RGP traded at 60 and 62 cents/lb last week.
US weekly non-fuel use propylene inventories – m bbl (EIA)
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