US propylene stocks reach 5m bbl for first time since January
15 August 2012 21:38 [Source: ICIS news]
HOUSTON (ICIS)--US propylene inventories increased by 4.1% for the week ended 10 August, according to the latest report from the Energy Information Administration (EIA), which was released on Wednesday.
US propylene inventories for non-fuel, refinery-sourced material reached 5.172m bbl, up from 4.967m bbl for the week ended 3 August.
Inventory levels are at their highest since 20 January, when they were at 5.256m bbl, according to EIA data.
The previous time inventory levels broke the 5m bbl level was for the week ended 27 January, when they were at 5.011m bbl.
Refinery operating rates were at 92.6%, flat with the previous week.
Refinery-grade propylene (RGP) for August was offered at 37.5 cents/lb ($827/tonne, €670/tonne), up from a deal done the previous day at 36.25 cents/lb.
($1 = €0.81)
By: John Dietrich
713-525-2600
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 12 Sep 12 20:57 US propylene stocks fall 3.5%, refinery rates at 5-month low
- 22 Aug 12 21:02 US propylene inventories gain 0.3% week on week
- 22 Aug 12 17:50 US gasoline inventories, consumption fall - EIA
- 16 Aug 12 21:56 Canada chem railcar traffic falls for third straight week
- 15 Aug 12 12:03 Europe polymer buyers nervous over September pricing
- 14 Aug 12 22:49 Mexico's Ethylene XXI project on schedule for 2015 start-up
- 14 Aug 12 21:31 US Sunoco pays Braskem $130m for interrupting propylene supplies
- 14 Aug 12 19:48 Braskem Q2 sales volumes fall on Brazil slowdown
- 14 Aug 12 17:13 US Enterprise, Braskem reach propylene deal, involves PDH unit
Latest News
- 18 Jun 13 06:00 VIDEO - ICIS Asia Lunchtime Bulletin 18 June 2013
- 18 Jun 13 05:29 Asia C3 hits 15-week high; may extend gains on tight supply
- 18 Jun 13 05:29 Oxygen content a challenge in biomass displacement of crude
- 18 Jun 13 05:19 Displacing crude requires focus on RDD&D for technologies
- 18 Jun 13 05:00 NOON SNAPSHOT - Asia Markets Summary