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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 gain most in more than a year

HOUSTON, November 28, 2018 (PCW) -- US nonfuel use propylene inventories jumped by 543,000 barrels (+15.2%) to 4.116 million barrels for the week ending November 23, the EIA said today. It was the highest inventory level since January 2017, and the biggest weekly stock build since early September 2017. Propylene inventories have increased in eight of the past twelve weeks and now stand 1.287 million barrels (45.5%) above the 52-week average. Meanwhile, US Gulf refinery utilization was up 1.8 percentage points at 97.3%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 4,116
Last week 3,573 543 15.2%
4 weeks ago 3,223 893 27.7%
Year ago 2,552 1,564 61.3%
52 week average 2,829 1,287 45.5%
Source: US Energy Information Administration

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