EIA: Propane/Propylene Inventory Climbs 67.2% Y-o-Y


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(3/18) total domestic propane/propylene stocks of 72.485 million bbl in the 
week ending March 13, up 810,000 bbl week-on-week and 29.136 million bbl, or 
67.2% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 1.879 million bpd, down 
156,000 bpd week-on-week and 315,000 bpd, or 14.4%, lower than in the same week 
last year.

   
Implied demand for propane/propylene in the United States averaged 1.048 
million bpd, down 154,000 bpd week-on-week and 117,000 bpd, or 12.6% higher 
than in the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.924 million bpd, 
up 62,000 bpd week-on-week and 209,000 bpd, or 7.7% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 2.879 million bbl, up 197,000 
bbl week-on-week and 437,000 bbl, or 13.2% lower than in the same week last 
year.

   
Midwest PADD 2 inventories ended the week at 14.011 million bbl, up 259,000 bbl 
week-on-week and 5.302 million bbl, or 60.9% higher than in the same week last 
year.

   
Gulf Coast PADD 3 inventories ended the week at 52.41 million bbl, up 635,000 
bbl week-on-week and 23.795 million bbl, or 83.2% 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 3.185 million bbl, down 281,000 bbl week-on-week and 475,000 bbl, or 
17.5% higher than in the same week last year.

    




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