US propylene inventories fall slightly on lower operating rates

02 October 2013 20:48  [Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by 0.2% week on week for the week ended 27 September, according to government data released on Wednesday.

The US Energy Information Administration (EIA) said inventories of non-fuel refinery-sourced propylene fell to 3.131m bbl for the week ended 27 September, down from 3.137m bbl a week ago.

The decline ended a four-week run of inventory increases.

Inventories remain low, sources said, and are 31% lower year on year from 4.511m bbl for the week ended 28 September 2012.

The drop in inventories came along with US refinery operating rates falling to 89.0% for the week ended 27 September from 90.3% a week ago.

US refinery-grade propylene (RGP) was heard bid at 54 cents/lb ($1,190/tonne, €881/tonne) and offered at 63 cents/lb on Wednesday.

($1 = €0.74)

EIA

September 27

September 20

September 13

September 6

Propylene inventories (m bbl)

3.131

3.137

3.051

2.993

Refinery operating rates (%)

89.0

90.3

92.5

92.5


By: John Dietrich
713-525-2600



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