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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 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
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

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