US propylene inventories decrease for sixth straight week
Tracy Dang
08-Feb-2017
HOUSTON (ICIS)–US propylene inventories fell by 7.2% in the week ending 3 February, according to the US Energy Information Administration (EIA) on Wednesday, marking the sixth consecutive decrease.
|
EIA |
03 Feb |
27 Jan |
20 Jan |
13 Jan |
|
Propylene inventories (m bbl) |
3.547 |
3.824 |
4.125 |
4.222 |
|
Refinery operating rates (%) |
87.7 |
88.2 |
88.3 |
90.7 |
The decrease came alongside a drop in refinery operating rates.
Propylene inventories are at their lowest since 21 October 2016, when levels were at 3.427m bbl.
However, stockpiles remain 13% higher year on year, with levels at 3.139m bbl in the week ending on 5 February 2016.
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