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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 | |||
