US propylene stocks rise 11%; refinery rates at 92%

05 July 2012 21:57  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose by 11% in the last week of June despite a small drop in operating rates at US refineries, data from the Energy Information Administration (EIA) showed on Thursday.

Propylene inventories were at 4.147m bbl in the week that ended on 29 June, up from 3.735m bbl a week earlier, the government reported.

US refineries operated at 92.0% of capacity last week, down from 92.6% a week earlier.

Refinery-grade propylene (RGP) was offered on Thursday at 38 cents/lb ($838/tonne, €670/tonne). No bids were heard. RGP was last heard traded at 37 cents/lb last week.

($1 = €0.80)

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By: William Lemos
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