US propylene inventories jump 3.1% on higher production levels

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)

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


By: John Dietrich
713-525-2600



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