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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 surge for second week

HOUSTON, October 24, 2018 (PCW) -- US nonfuel use propylene inventories showed a large build for the second straight week, rising 387,000 barrels (16.1%) to 2.791 million barrels for the week ended October 19, the EIA said today. Inventories have now recovered to levels seen prior to a sharp 1.02 million barrel one-week drop in early September. Propylene stocks have risen in eight of the past twelve weeks and now stand 73,000 barrels (2.7%) above the 52-week average.

Meanwhile, US Gulf refinery utilization fell 1 percentage point to 95.9% last week. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,791
Last week 2,404 387 16.1%
4 weeks ago 1,802 989 54.9%
Year ago 2,678 113 4.2%
52 week average 2,718 73 2.7%
Source: US Energy Information Administration

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