US propylene stocks fall 3.7% as hurricane slows refineries

06 September 2012 20:25  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell in the last week of August, according to government data on Thursday, which also showed a drop in operating rates at US refineries.

Propylene inventories were at 5.002m bbl in the week that ended on 31 August, down by 3.7% from 5.194m bbl a week earlier.

Meanwhile, US refineries operated at 86.1% of capacity, down from 91.2% in the previous week, figures from the Energy Information Administration (EIA) showed.

The reduction came as Hurricane Isaac disrupted operations at several US refineries in the last week of August.

Refinery-grade propylene (RGP) for September was bid on Wednesday at 37.25 cents/lb ($821/tonne, €649/tonne), but no offers were heard. RGP traded last week at 39.00 cents/lb.

($1 = €0.79)

For more on propylene visit ICIS chemical intelligence
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By: William Lemos
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