09 January 2013 21:32 [Source: ICIS news]
HOUSTON (ICIS)--US propylene inventories fell by 7% in the first week of January along with a drop in operating rates at US refineries, data from the US Energy Information Administration (EIA) showed on Wednesday.
US refineries operated at 89.1% of capacity in the week that ended on 4 January, down from 90.4% one week earlier, while propylene inventories fell to 3.475m bbl from 3.745m bbl in the previous week.
Refinery-grade propylene (RGP) was bid at 65 cents/lb ($1,433/tonne, €1,089/tonne) on Wednesday with no offers.
RGP for January traded at 66.50 cents/lb on Tuesday.
($1 = €0.76)
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