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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 drop for third straight week

HOUSTON, June 20, 2018 (PCW) -- US nonfuel use propylene inventories for the week ending June 15 fell by 175,000 barrels (6.1%) to 2.698 million barrels, the EIA said today. It was the third consecutive inventory draw, and the ninth in the past twelve weeks. Propylene inventories are 163,000 barrels (5.7%) below the 52-week average, and are at the lowest level in nine weeks.

Meanwhile, US Gulf refinery utilization increased by 2.3 percentage points to 97.1%. It was the highest utilization rate for Gulf coast refineries since late December. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,698
Last week 2,873 -175 -6.1%
4 weeks ago 2,778 -80 -2.9%
Year ago 2,807 -109 -3.9%
52 week average 2,861 -163 -5.7%
Source: US Energy Information Administration

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