Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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POST DOE WRAP: NYMEX WTI falls on inventory build
HOUSTON, November 9, 2016, (PCW) -- NYMEX crude and products futures prices were lower early Wednesday after government figures showed a build in crude stocks.
The US remains long in crude, gasoline, and diesel. Refinery crude inputs were low, reflecting the turnaround season. Domestic demand rose, and export volumes of products were very bullish.
As of 10:02 am CST, December NYMEX WTI fell $0.28/bbl to $44.70/bbl; November gasoline was down 2.28 cpg to 134.64 cpg and November diesel was off 1.27 cpg to 142.84/gal.
Crude inventories up 2.4m barrels
The US Energy Information Administration statistics for the week ending November 4 showed a 2.4 million barrel increase in crude inventories to 485 million barrels (“near the upper limit of the average range,” per the EIA). Domestic crude oil production was put at 8.692 million b/d, up 170,000 b/d for the week, but 493,000 b/d lower versus the same period last year.
Imports of crude were down 1.6 million b/d to 7.4 million b/d on the week. Over the past four weeks, crude imports averaged 7.6 million b/d, an increase of 5.3% compared to last year at this time.
Gasoline imports up to 500,000 b/d
Gasoline imports were put at 500,000 b/d, down from 458,000 b/d the previous week; for the same period last year the figure was 353,000 b/d. Distillate imports were 107,000 b/d, up from 60,000 b/d on the week; the figure for last year was 136,000 b/d (typically the US imports products to the US East Coast and exports from the US Gulf Coast).
Total product demand over the past four weeks was put at 20.1 million b/d, up 1.5% versus the same period last year.
Total gasoline inventories (including blendstocks) were down 2.8 million barrels at 221 million (still “well above the upper limit of the average range,” per the EIA), 7.7 million over last year. Demand was 9.1 million b/d over the past four weeks, down 2.1% from the same period last year.
Distillate stocks fell 1.9 million barrels to 148.6 million (“well above the upper limit of the average range,” per the EIA), 9.8 million over last year. Distillate demand over the past four weeks was up 1.0% to 4.0 million b/d compared to the same period last year.
Propane stocks fall 1.3m barrels
Propane/propylene inventories on the week were 99.6 million barrels, down 1.3 million barrels on the week, and down 4.4 million barrels versus last year.
Total US refinery inputs averaged 15.8 million b/d, up 369,000 b/d compared to the previous week. Inputs of crude oil nationwide to refineries on a percentage basis were up 1.9%% on the week, put at 87.1% of capacity. In the Gulf Coast (PADD III), inputs were up 1.4% to 87.4%.
Also, net exports of all products were put at 2.690 million b/d, up 458,000 b/d for the week, a very bullish number. The US needs to export products to keep inventories manageable.
While domestic gasoline demand was put at 9.1 million b/d, total gasoline production came in at 10.456 million b/d. Distillate demand was 4.1 million b/d, but production was 4.784 million b/d. -- Robert Sharp