From PetroChem Wire . . . .

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.

For more information, click here.

For all of our products and services, click here.

US nonfuel use propylene supplies rise to record for third straight week

HOUSTON, February 27, 2019 (PCW) -- US nonfuel use propylene inventories were up to a new record high for the third consecutive week, the EIA said today. Propylene inventories climbed 163,000 barrels (2.5%) to 6.622 million barrels last week, the tenth inventory build in the past twelve weeks. Inventories now stand 3.132 million barrels (90%) above the 52-week average of 3.490 million barrels.

Meanwhile, US Gulf refinery utilization last week rose 1.3 percentage points to 89.1%, above the five-year seasonal average of 86.8%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 6,622
Last week 6,459 163 2.5%
4 weeks ago 5,837 785 13.4%
Year ago 3,343 3,279 98.1%
52 week average 3,490 3,132 89.8%
Source: US Energy Information Administration

Sign Up for RSS Feed  follow us in feedly