EIA: Propane/Propylene Stocks Fall on Week, Up 9.4% on Yr


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(12/10) total domestic propane/propylene stocks of 101.77 million bbl in the 
week ending December 5, down 1.776 million bbl week-on-week and 8.717 million 
bbl, or 9.4% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 2.123 million bpd, up 
104,000 bpd week-on-week and 512,000 bpd, or 31.8%, higher than in the same 
week last year.

   
Implied demand for propane/propylene in the United States averaged 1.186 
million bpd, up 43,000 bpd week-on-week and 497,000 bpd, or 29.5% lower than in 
the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.847 million bpd, 
down 81,000 bpd week-on-week and 105,000 bpd, or 3.8% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 8.709 million bbl, down 87,000 
bbl week-on-week and 46,000 bbl, or 0.5% lower than in the same week last year.

   
Midwest PADD 2 inventories ended the week at 27.051 million bbl, down 855,000 
bbl week-on-week and 1.3 million bbl, or 5% higher than in the same week last 
year.

   
Gulf Coast PADD 3 inventories ended the week at 60.651 million bbl, down 
878,000 bbl week-on-week and 7.38 million bbl, or 13.9% 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 5.358 million bbl, up 44,000 bbl week-on-week and 81,000 bbl, or 1.5% 
higher than in the same week last year.




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