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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 show biggest gain since September

HOUSTON, January 31, 2018 (PCW) -- US nonfuel use propylene inventories jumped 298,000 barrels (11.3%) to 2.935 million barrels, the highest level since early October, the Energy Department said today. It was the third consecutive inventory build, and the seventh in the past 12 weeks, according to the department's Energy Information Administration. Propylene spot prices have fallen sharply over the past week amid bearish supply and demand indications, including confirmation today that the new Enterprise PDH unit was running at nearly full rates. On the refinery supply front, US Gulf refinery utilization fell last week by 6 percentage points to 86.6%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,935
Last week 2,637 298 11.3%
4 weeks ago 2,534 401 15.8%
Year ago 3,824 -889 -23.2%
52 week average 2,793 142 5.1%
Source: US Energy Information Administration

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