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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 top 6 million bbl, a record

HOUSTON, February 13, 2019 (PCW) -- US nonfuel use propylene inventories grew to a record high 6.135 million barrels last week, up 383,000 barrels (6.7%) from the prior week, the EIA said today. Propylene inventories have grown in ten of the past twelve weeks and now stand 2.770 million barrels (82.3%) above the 52-week average of 3.365 million barrels. Last week's inventory build was the largest uptick in eleven weeks.

 Meanwhile, US Gulf refinery throughput fell 2.4 percentage points to 88.5% of capacity, which is slightly above the five-year average for this time of year. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 6,135
Last week 5,752 383 6.7%
4 weeks ago 5,453 682 12.5%
Year ago 3,203 2,932 91.5%
52 week average 3,365 2,770 82.3%
Source: US Energy Information Administration

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