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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 first time in three weeks

HOUSTON, October 11, 2018 (PCW) -- US nonfuel use propylene inventories fell 92,000 barrels (-4.3%) to 2.038 million barrels for the week ended October 5, the EIA said today. Propylene inventories have declined in four of the past twelve weeks, but one of those weekly draws was very large at 1.02 million barrels. As a result, inventories currently stand 25% below the 52-week average of 2.726 million barrels. Meanwhile, US Gulf refinery utilization was up 1.2 percentage points at 95.2%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,038
Last week 2,130 -92 -4.3%
4 weeks ago 2,807 -769 -27.4%
Year ago 3,036 -998 -32.9%
52 week average 2,726 -688 -25.2%
Source: US Energy Information Administration

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