New From PetroChem Wire . . . .
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.
For more information,
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|
|4 weeks ago||3,074||89||2.9%|
|52 week average||3,687||-524||-14.2%|
|Source: US Energy Information Administration|