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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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US nonfuel use propylene supplies drop for third week

HOUSTON, June 7, 2017 (PCW) -- US nonfuel use propylene inventories fell by 239,000 bbls, or 7.9 perecent, last week to 2.794 million bbls, the third straight weekly decline, the Energy Department reported today. Propylene inventories have dropped for five of the past ten weeks, according to the department's Energy Information Administration. Supplies are 22% lower than the levels reported a year earlier. Meanwhile, US Gulf refinery utilization last week decreased 1.6 percentage points to 95.7%.

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 2,794
Last week 3,033 -239 -7.9%
4 weeks ago 3,147 -353 -11.2%
Year ago 3,587 -793 -22.1%
52 week average 3,191 -397 -12.4%
Source: US Energy Information Administration

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