EIA: Propane/Propylene Stocks Post Second Consecutive Draw


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(5/6) total domestic propane/propylene stocks of 77.556 million bbl in the week 
ending May 1, down 1.29 million bbl week-on-week and 29.38 million bbl, or 61% 
higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 2.028 million bpd, down 
232,000 bpd week-on-week and 360,000 bpd, or 21.6%, higher than in the same 
week last year.

   
Implied demand for propane/propylene in the United States averaged 1.17 million 
bpd, up 182,000 bpd week-on-week and 69,000 bpd, or 6.3% higher than in the 
same week last year.

   
EIA reports domestic propane/propylene production averaged 2.942 million bpd, 
down 35,000 bpd week-on-week and 120,000 bpd, or 4.3% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 3.635 million bbl, up 37,000 
bbl week-on-week and 467,000 bbl, or 11.4% lower than in the same week last 
year.

   
Midwest PADD 2 inventories ended the week at 16.236 million bbl, up 658,000 bbl 
week-on-week and 6.005 million bbl, or 58.7% higher than in the same week last 
year.

   
Gulf Coast PADD 3 inventories ended the week at 54.598 million bbl, down 1.909 
million bbl week-on-week and 23.563 million bbl, or 75.9% 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 3.086 million bbl, down 77,000 bbl week-on-week and 278,000 bbl, or 
9.9% higher than in the same week last year.

    




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