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US nonfuel propylene inventories fall 5%, remain below average

HOUSTON, August 16, 2017 (PCW) -- US nonfuel use propylene inventories last week fell by 150,000 bbls (5.1%) to 2.787 million bbls, halting a two-week buildup, the Energy Department reported today. Propylene inventories have declined for four of the past ten weeks and have stayed in a narrow band since early June, according to the department's Energy Information Administration. Inventories are 369,000 bbls (11.7%) below the 52-week average of 3.156 million bbls. Meanwhile, Gulf Coast refinery utilization remained high last week, up 0.5 percentage point to 97%.

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Current week 2,787
Last week 2,937 -150 -5.1%
4 weeks ago 2,912 -125 -4.3%
Year ago 2,283 504 22.1%
52 week average 3,156 -369 -11.7%
Source: US Energy Information Administration

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