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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 to near two-year low

HOUSTON, July 5, 2018 (PCW) -- US nonfuel use propylene inventories fell 215,000 barrels (-8.5%) to 2.324 million barrels for the week ended June 29, the EIA said today. The fifth consecutive weekly drop brought propylene stocks to their lowest level since September 2016. Propylene inventories have fallen in nine of the past twelve weeks. Meanwhile, US Gulf refinery utilization was steady at 97.6%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,324
Last week 2,539 -215 -8.5%
4 weeks ago 2,961 -637 -21.5%
Year ago 2,906 -582 -20.0%
52 week average 2,845 -521 -18.3%
Source: US Energy Information Administration

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