EIA: Propane/Propylene Inventories Rise, Up 69.1% Y-o-Y


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(3/25) total domestic propane/propylene stocks of 72.963 million bbl in the 
week ending March 20, up 478,000 bbl week-on-week and 29.804 million bbl, or 
69.1% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 1.872 million bpd, down 
7,000 bpd week-on-week and 44,000 bpd, or 2.4%, higher than in the same week 
last year.
Implied demand for propane/propylene in the United States averaged 1.163 
million bpd, up 115,000 bpd week-on-week and 72,000 bpd, or 6.6% higher than in 
the same week last year.
EIA reports domestic propane/propylene production averaged 2.959 million bpd, 
up 35,000 bpd week-on-week and 204,000 bpd, or 7.4% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 2.95 million bbl, up 71,000 bbl 
week-on-week and 896,000 bbl, or 23.3% lower than in the same week last year.
Midwest PADD 2 inventories ended the week at 14.521 million bbl, up 510,000 bbl 
week-on-week and 5.481 million bbl, or 60.6% higher than in the same week last 
year.
Gulf Coast PADD 3 inventories ended the week at 52.396 million bbl, down 14,000 
bbl week-on-week and 24.521 million bbl, or 88% higher than in the same week 
last year.
Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended the 
week at 3.097 million bbl, down 88,000 bbl week-on-week and 699,000 bbl, or 
29.1% higher than in the same week last year.




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