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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 propylene inventories down 12% last week

Houston, February 15, 2017 (PCW) -- US nonfuel use propylene inventories fell by 413,000 bbls (11.6%) to 3.134 million bbls, the seventh consecutive inventory draw, the Energy Department reported today. It was the largest weekly inventory draw since late Oct 2015, according to the department's Energy Information Administration. Refinery maintenance along the Gulf Coast will soon begin to wind down, but Gulf Coast refinery utilization fell 1.3 percentage points last week to 84.9%.

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 3,134
Last week 3,547 -413 -11.6%
4 weeks ago 4,222 -1,088 -25.8%
Year ago 3,027 107 3.5%
52 week average 3,442 -308 -8.9%
Source: US Energy Information Administration

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