12 September 2012 20:57 [Source: ICIS news]
HOUSTON (ICIS)--US propylene inventories were down in the first week of September, while refinery rates dropped to a nearly five-month low, government data showed on Wednesday.
Propylene inventories were at 4.827m bbl in the week that ended on 7 September, down by 3.5% from 5.002m bbl in the previous week.
Meanwhile, US refineries operated at 84.7% of capacity, down from 86.1% a week earlier and the lowest level since the second week of April, according to figures from the Energy Information Administration (EIA).
Refinery-grade propylene (RGP) for September traded at 39 cents/lb ($860/tonne, €671/tonne) on Wednesday for pipeline delivery, up from deals done at 36.50 cents/lb for railcar delivery last week.
($1 = €0.78)
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