EIA: Propane/Propylene Stocks Expand, Up 53.6%% on Year
5/20 9:42 AM
EIA: Propane/Propylene Stocks Expand, Up 53.6% on Year
Karim Bastati
DTN Analyst
VIENNA (DTN) -- The Energy Information Administration reported on Wednesday
(5/20) total domestic propane/propylene stocks of 81.567 million bbl in the
week ending May 15, up 421,000 bbl week-on-week and 28.468 million bbl, or
53.6% higher than in the same week last year.
Data show propane/propylene exports last week averaged 2.001 million bpd, down
167,000 bpd week-on-week and 311,000 bpd, or 18.4%, higher than in the same
week last year.
Implied demand for propane/propylene in the United States averaged 1.008
million bpd, up 576,000 bpd week-on-week and 167,000 bpd, or 19.9% higher than
in the same week last year.
EIA reports domestic propane/propylene production averaged 3.004 million bpd,
down 7,000 bpd week-on-week and 171,000 bpd, or 6% higher than in the same week
last year.
East Coast PADD 1 inventories ended the week at 4.449 million bbl, down 102,000
bbl week-on-week and 675,000 bbl, or 17.9% higher than in the same week last
year.
Midwest PADD 2 inventories ended the week at 17.741 million bbl, up 410,000 bbl
week-on-week and 5.807 million bbl, or 48.7% higher than in the same week last
year.
Gulf Coast PADD 3 inventories ended the week at 56.223 million bbl, up 192,000
bbl week-on-week and 21.806 million bbl, or 63.4% 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 3.153 million bbl, down 80,000 bbl week-on-week and 179,000 bbl, or 6%
higher than in the same week last year.
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