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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 drop for second week

HOUSTON, March 28, 2018 (PCW) -- US nonfuel use propylene inventories fell 96,000 barrels (3.2%) last week to 2.932 million barrels, according to the latest EIA data. It was the second consecutive drop in propylene inventories, bringing them to a two-month low. Propylene stocks have fallen in four of the past twelve weeks and are 2.5% (72,000 barrels) above the 52-week average of 2.86 million barrels. Meanwhile, US Gulf refinery utilization climbed 0.5 percentage point last week to 93.1%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,932
Last week 3,028 -96 -3.2%
4 weeks ago 3,343 -411 -12.3%
Year ago 2,514 418 16.6%
52 week average 2,860 72 2.5%
Source: US Energy Information Administration

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