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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 to highest level since March

HOUSTON, October 31, 2018 (PCW) -- US nonfuel use propylene inventories gained 432,000 barrels (14.5%) last week to 3.223 million barrels, the highest level since early March, the EIA said today. It was also the largest weekly uptick in more than year. Propylene inventories have moved up for three consecutive weeks, and for eight of the past twelve weeks. Inventories are now 491,000 barrels (18%) above the 52-week average of 2.732 million barrels. Meanwhile, US Gulf refinery utilization was up 0.6 percentage point last week at 96.5%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 3,223
Last week 2,791 432 15.5%
4 weeks ago 2,130 1,093 51.3%
Year ago 2,522 701 27.8%
52 week average 2,732 491 18.0%
Source: US Energy Information Administration

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