US propylene stocks rise 0.6% amid higher refinery rates

28 November 2012 21:31  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories rose slightly last week amid increased operating rates at US refineries, data from the US Energy Information Administration (EIA) showed on Wednesday.

US propylene inventories stood at 4.212m bbl in the week that ended on 23 November, up by 0.6% from 4.188m bbl a week earlier.

Meanwhile, refineries operated at 88.6% of capacity, up from 87.5% in the previous week.

Refinery-grade propylene (RGP) for November traded at 49.50 cents/lb ($1,091/tonne, €840/tonne) on Wednesday, down from 50.50 cents/lb a week earlier.

($1 = €0.77)

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By: William Lemos
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