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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 to highest level since September

HOUSTON, February 14, 2018 (PCW) -- US nonfuel use propylene inventories were up 228,000 barrels (7.7%) at 3.203 million barrels last week, their highest level since late-Sep 2017, the Energy Department reported today. It was the fifth consecutive inventory build for propylene, and the eighth uptick in the past 12 weeks. Propylene inventories are now 2.2% higher than a year ago, when spot PGP was trading at 47 cpp and NYMEX WTI crude was around $53/bbl. Refinery rates fell back last week, with Gulf Coast utilization down 3.3 percentage points at 89.4%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 3,203
Last week 2,975 228 7.7%
4 weeks ago 2,461 742 30.2%
Year ago 3,134 69 2.2%
52 week average 2,784 419 15.1%
Source: US Energy Information Administration

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