EIA: Propane/Propylene Stocks Up on Wk, Increase 18% on Yr


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The Energy Information Administration reported on 
Wednesday total domestic propane/propylene stocks of 100.324 million bbl in the 
week ending December 26, up 785,000 bbl week-on-week and 15.281 million bbl, or 
18% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.692 million bpd, down 
418,000 bpd week-on-week and 19,000 bpd, or 1.1%, lower than in the same week 
last year.
Implied demand for propane/propylene in the United States averaged 1.224 
million bpd, up 314,000 bpd week-on-week and 510,000 bpd, or 29.4% lower than 
in the same week last year.
EIA reports domestic propane/propylene production averaged 2.853 million bpd, 
up 65,000 bpd week-on-week and 176,000 bpd, or 6.6% higher than in the same 
week last year.
East Coast PADD 1 inventories ended the week at 7.733 million bbl, down 277,000 
bbl week-on-week and 237,000 bbl, or 3.2% higher than in the same week last 
year.
Midwest PADD 2 inventories ended the week at 23.639 million bbl, down 855,000 
bbl week-on-week and 1.506 million bbl, or 6.8% higher than in the same week 
last year.
Gulf Coast PADD 3 inventories ended the week at 63.975 million bbl, up 2.012 
million bbl week-on-week and 13.293 million bbl, or 26.2% 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 4.976 million bbl, down 94,000 bbl week-on-week and 245,000 bbl, or 
5.2% higher than in the same week last year.

    

    




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