EIA: Propane/Propylene Stocks Climb, Up 6.3% on Year


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(9/30) total domestic propane/propylene stocks of 109.647 million bbl in the 
week ending September 25, up 1.777 million bbl week-on-week and 6.271 million 
bbl, or 6.1% higher than in the same week last year.

    

   Data show propane/propylene exports last week averaged 1.669 million bpd, 
down 800,000 bpd week-on-week and 337,000 bpd, or 16.8%, lower than in the same 
week last year.

    

   Implied demand for propane/propylene in the United States averaged 1.085 
million bpd, up 321,000 bpd week-on-week and 551,000 bpd, or 103.2% higher than 
in the same week last year.

    

   EIA reports domestic propane/propylene production averaged 2.933 million 
bpd, down 35,000 bpd week-on-week and 32,000 bpd, or 1.1% higher than in the 
same week last year.

    

   East Coast PADD 1 inventories ended the week at 8.066 million bbl, up 
132,000 bbl week-on-week and 981,000 bbl, or 10.8% lower than in the same week 
last year.

    

   Midwest PADD 2 inventories ended the week at 25.642 million bbl, down 
448,000 bbl week-on-week and 1.681 million bbl, or 6.2% lower than in the same 
week last year.

    

   Gulf Coast PADD 3 inventories ended the week at 70.424 million bbl, up 1.99 
million bbl week-on-week and 8.983 million bbl, or 14.6% 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 5.515 million bbl, up 103,000 bbl week-on-week and 50,000 bbl, or 
0.9% lower than in the same week last year.

    




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