US propylene inventories rise nearly 2% to 3.556m bbl

06 June 2012 18:59  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose by nearly 2% in the last week of May, along with increased operating rates at US refineries, data from the Energy Information Administration (EIA) showed on Wednesday.

Propylene inventories were at 3.556m bbl in the week that ended on 1 June, up from 3.490m bbl a week earlier, the government reported.

US refineries operated at 91.0% of capacity last week, up from 89.1% a week earlier and the highest figure reported by the EIA since 91.2% in the week that ended on 30 July 2010.

Refinery-grade propylene (RGP) for June was offered on Wednesday at 38 cents/lb ($838/tonne, €670/tonne), flat with a deal earlier this week.

($1 = €0.80)

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By: William Lemos
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