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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 four weeks

HOUSTON, March 6, 2019 (PCW) -- US nonfuel use propylene inventories edged lower by 24,000 barrels (-0.4%) to 6.598 million barrels last week, ending a record-setting run of three consecutive weekly increases, the EIA said today. It was only the second inventory draw in the past twelve weeks, during which time inventories have added more than 2 million barrels. Propylene inventories are double what they were a year ago, and they are 3.044 million barrels (86%) above the 52-week average. Upstream, US Gulf Coast refinery utilization was up 0.5 percentage point at 89.6%, which is above the 5-year seasonal average of 87.4%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 6,598
Last week 6,622 -24 -0.4%
4 weeks ago 5,752 846 14.7%
Year ago 3,244 3,354 103.4%
52 week average 3,554 3,044 85.6%
Source: US Energy Information Administration

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