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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 climb to new record

HOUSTON, February 21, 2019 (PCW) -- US nonfuel use propylene inventories established a new record high last for the second consecutive week, the EIA said today. Inventories grew by 324,000 barrels (5.3%) to 6.459 million barrels. It was the tenth weekly build in the past twelve weeks, and inventories now stand 3.033 million barrels (88.5%) above the 52-week average of 3.426 million barrels.

Meanwhile, US Gulf refinery utilization fell 0.7 percentage point to 87.8%, which is slightly above the five-year seasonal average of 87.3%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 6,459
Last week 6,135 324 5.3%
4 weeks ago 5,691 768 13.5%
Year ago 3,253 3,206 98.6%
52 week average 3,426 3,033 88.5%
Source: US Energy Information Administration

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