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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 extend record with seventh weekly gain

HOUSTON, January 30, 2019 (PCW) -- US nonfuel use propylene inventories set a new record high last week, climbing 146,000 barrels to 5.837 million barrels, the EIA said today. It was the seventh straight weekly inventory build, and the tenth uptick in the past twelve weeks. Propylene inventories are nearly double their year-ago levels. Meanwhile, US Gulf refinery utilization declined 1.7 percentage point to 90.4%, above the five-year average of 86.9% for this time of year. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 5,837
Last week 5,691 146 2.6%
4 weeks ago 5,077 760 15.0%
Year ago 2,935 2,902 98.9%
52 week average 3,255 2,582 79.3%
Source: US Energy Information Administration

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