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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 drop first time in eight weeks

HOUSTON, February 6, 2019 (PCW) -- US nonfuel use propylene inventories fell last week by 85,000 barrels (-1.5%) to 5.752 million barrels, the first decline in eight weeks, the EIA said today. Propylene inventories have fallen in only three of the past twelve weeks and remain 74% higher than the 52-week average of 3.308 million barrels. Meanwhile, refineries continued to operate at above normal rates along the Gulf Coast. US Gulf Coast refinery utilization was up 0.5 percentage point at 90.9% last week, compared with the five-year seasonal average of 87.6%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Current week 5,752
Last week 5,837 -85 -1.5%
4 weeks ago 5,116 636 12.4%
Year ago 2,975 2,777 93.3%
52 week average 3,308 2,444 73.9%
Source: US Energy Information Administration

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