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NGLs Week

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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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US nonfuel use propylene supplies climb for fifth straight week

HOUSTON, December 14, 2016 (PCW) -- US nonfuel use propylene inventories increased 136,000 bbls (3%) to 4.652 million bbls, the Energy Department reported today. It was the fifth consecutive inventory build, and stocks have increased by 1.913 million bbls since the end of the third quarter, according to the department's Energy Information Administration.

Low downstream operating rates may have contributed to recent surpluses. Data from the American Chemistry Council showed North American PP percent capacity utilization for October and November in the low-mid 80s.

On the supply front, US Gulf refinery utilization was up 1.2 percentage points at 93% last week. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 4,652
Last week 4,516 136 3.0%
4 weeks ago 3,857 795 20.6%
Year ago 3,189 1,463 45.9%
52 week average 3,271 1,381 42.2%
Source: US Energy Information Administration

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