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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 rise in longest streak of gains in more than 3 years

HOUSTON, August 29, 2018 (PCW) -- US nonfuel use propylene inventories gained 51,000 barrels (1.6%) last week to 3.159 million barrels, the EIA said today. It was the eighth consecutive weekly stock build, the longest such run since late 2014-early 2015. Propylene inventories are now 11.1% (316,000 barrels) higher than the 52-week average of 2.843 million barrrels. Meanwhile, US Gulf refinery utilization fell 3.6 percentage points to 95.8%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 3,159
Last week 3,108 51 1.6%
4 weeks ago 2,762 397 14.4%
Year ago 2,856 303 10.6%
52 week average 2,843 316 11.1%
Source: US Energy Information Administration

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