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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|
|4 weeks ago||4,222||-1,088||-25.8%|
|52 week average||3,442||-308||-8.9%|
|Source: US Energy Information Administration|