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NGLs Week

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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 to lowest level in four weeks

HOUSTON, July 20, 2016 (PCW) -- US nonfuel use propylene inventories fell 82,000 bbls (-2.5%) to 3.163 million bbls, the Energy Department reported today. The decline brings inventories to their lowest level in four weeks, and seven of the past ten weeks have seen inventory draws, according to the department's Energy Information Administration.

On Tuesday, Enterprise announced it has loaded the first two vessels with polymer grade propylene (PGP) at its Houston Ship Channel terminal. The company can load 5000 mt/day PGP, or about 60,000 bbls/day, at the terminal.

US Gulf Coast refinery utilization climbed 1 percentage point to 93.6%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 3,163
Last week 3,245 -82 -2.5%
4 weeks ago 3,074 89 2.9%
Year ago 5,049 -1,886 -37.4%
52 week average 3,687 -524 -14.2%
Source: US Energy Information Administration

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