04 December 2013 22:57 [Source: ICIS news]
HOUSTON (ICIS)--US propylene inventories increased 3.1% week on week for the week ended 29 November, according to data released on Wednesday.
The US Energy Information Administration (EIA) said inventories of non-fuel refinery-sourced propylene climbed to 2.976m bbl, up from 2.886m bbl the previous week.
The weekly increase in inventories was largely fuelled by US refinery operating rates climbing to 92.4% from 89.4% the previous week.
However, year-on-year inventory levels are down by 27% from 4.079m bbl for the week ended 30 November 2012.
US December refinery-grade propylene (RGP) was heard bid at 55 cents/lb ($1,213/tonne, €897/tonne) on Wednesday against no fresh bids.
($1 = €0.74)
?xml:namespace> EIA November 29 November 22 November 15 November 08 Propylene inventories (m bbl) 2.976 2.886 3.017 3.019 Refinery operating rates (%) 92.4 89.4 88.6 88.7
Propylene inventories (m bbl)
Refinery operating rates (%)
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