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Daily Wire

  

PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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US nonfuel use propylene supplies rise to highest level in two years

HOUSTON, December 6, 2018 (PCW) -- US nonfuel use propylene inventories were up 334,000 barrels at 4.45 million barrels for the week ending November 30, the EIA said today. It was the ninth inventory build in the past twelve weeks, bringing propylene stocks to their highest level in two years. Inventories are 1.585 million barrels (55%) above their 52-week average. Meanwhile, US Gulf refinery utilization remained above seasonal averages last week, rising 0.2 percentage point to 97.5% -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 4,450
Last week 4,116 334 8.1%
4 weeks ago 3,728 722 19.4%
Year ago 2,572 1,878 73.0%
52 week average 2,865 1,585 55.3%
Source: US Energy Information Administration

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