EIA: Propane/Propylene Inventories Rise, Up 74.5%% Y-o-Y
4/01 9:50 AM
EIA: Propane/Propylene Inventories Rise, Up 74.5% Y-o-Y
Karim Bastati
DTN Analyst
VIENNA (DTN) -- The Energy Information Administration reported on Wednesday
(4/1) total domestic propane/propylene stocks of 77.026 million bbl in the week
ending March 27, up 4.063 million bbl week-on-week and 32.885 million bbl, or
74.5% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.899 million bpd, up
27,000 bpd week-on-week and 313,000 bpd, or 19.7%, higher than in the same week
last year.
Implied demand for propane/propylene in the United States averaged 625,000 bpd,
down 538,000 bpd week-on-week and 568,000 bpd, or 47.6% lower than in the same
week last year.
EIA reports domestic propane/propylene production averaged 2.987 million bpd,
up 28,000 bpd week-on-week and 193,000 bpd, or 6.9% higher than in the same
week last year.
East Coast PADD 1 inventories ended the week at 3.22 million bbl, up 270,000
bbl week-on-week and 363,000 bbl, or 10.1% lower than in the same week last
year.
Midwest PADD 2 inventories ended the week at 14.578 million bbl, up 57,000 bbl
week-on-week and 5.146 million bbl, or 54.6% higher than in the same week last
year.
Gulf Coast PADD 3 inventories ended the week at 56.034 million bbl, up 3.638
million bbl week-on-week and 27.351 million bbl, or 95.4% 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 3.194 million bbl, up 97,000 bbl week-on-week and 750,000 bbl, or 30.7%
higher than in the same week last year.
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