US propylene inventories rise 2.5% in first week of May

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)

 4 May  27 April  20 April  13 April 6 April

3.626

 3.539

 3.688

 3.692

 3.995

Percent operable utilisation at US refineries (EIA)

4 May  27 April  20 April  13 April   6 April

 86.4

 86.0

 84.7

 84.6

 83.8

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By: William Lemos
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