EIA: Propane/Propylene Stocks Climb 75.6% on Year


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(4/15) total domestic propane/propylene stocks of 77.897 million bbl in the 
week ending April 10, up 301,000 bbl week-on-week and 33.53 million bbl, or 
75.6% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 1.881 million bpd, up 
170,000 bpd week-on-week, but 85,000 bpd, or 4.3%, lower than in the same week 
last year.

   
Implied demand for propane/propylene in the United States averaged 1.166 
million bpd, down 199,000 bpd week-on-week, but 105,000 bpd, or 9.9% higher 
than in the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.973 million bpd, 
down 65,000 bpd week-on-week, but 229,000 bpd, or 8.3% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 4.03 million bbl, up 431,000 
bbl week-on-week and 343,000 bbl, or 9.3% higher than in the same week last 
year.
Midwest PADD 2 inventories ended the week at 14.738 million bbl, down 208,000 
bbl week-on-week and 4.974 million bbl, or 50.9% higher than in the same week 
last year.
Gulf Coast PADD 3 inventories ended the week at 56.223 million bbl, up 273,000 
bbl week-on-week and 27.869 million bbl, or 98.3% 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 2.906 million bbl, down 195,000 bbl week-on-week and 344,000 bbl, or 
13.4% higher than in the same week last year.




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