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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 record

HOUSTON, January 24, 2019 (PCW) -- US nonfuel use propylene inventories reached a record high last week, rising 238,000 barrels (4.4%) to 5.691 million barrels, the EIA said today. It was the sixth consecutive weekly inventory build and the tenth uptick in the past twelve weeks. Propylene stocks are now 2.492 million barrels (78%) above their 52-week average. Meanwhile, US Gulf refinery utilization fell 2.1 percentage points to 92.1%, but remained above the 5-year average for this time of year. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 5,691
Last week 5,453 238 4.4%
4 weeks ago 4,817 874 18.1%
Year ago 2,637 3,054 115.8%
52 week average 3,199 2,492 77.9%
Source: US Energy Information Administration

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