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US nonfuel use propylene supplies drop for third straight week

HOUSTON, April 4, 2018 (PCW) -- US nonfuel use propylene inventories fell 99,000 barrels (3.4%) last week to 2.833 million barrels, according to the latest EIA data. It was the third consecutive drop in propylene inventories, bringing them to a two-month low. Propylene stocks have fallen in six of the past 14 weeks and are 1.2% (34,000 barrels) below the 52-week average of 2.867 million barrels. Meanwhile, US Gulf refinery utilization climbed 1.2 percentage points last week to 94.3%.

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,833
Last week 2,932 -99 -3.4%
4 weeks ago 3,244 -411 -12.7%
Year ago 2,465 368 14.9%
52 week average 2,867 -34 -1.2%
Source: US Energy Information Administration

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