EIA: US Propane/Propylene Supply Climbs to 28Wk High


   
    

    

   OAKHURST, N.J. (DTN) --- The Energy Information Administration reports total 
domestic propane/propylene stocks of 82.614 million bbl in the week ending July 
12, up 4.627 million bbl week-on-week to the highest level since last week of 
December. Stocks are 2.066 million bbl, or 2.5% lower than in the same week 
last year.

   Data show propane/propylene exports last week averaged 1.532 million bpd, 
down 135,000 bpd week-on-week and 32,000 bpd, or 2.1%, lower than in the same 
week last year.

   Implied demand for propane/propylene in the United States averaged 543,000 
bpd, down 324,000 bpd week-on-week and 373,000 bpd, or 68.7% lower than in the 
same week last year.

   EIA reports domestic propane/propylene production averaged 2.655 million 
bpd, down 81,000 bpd week-on-week and 142,000 bpd, or 5.3% higher than in the 
same week last year.

   East Coast PADD 1 inventories ended the week at 6.948 million bbl, up 
413,000 bbl week-on-week and 1.552 million bbl, or 22.3% higher than in the 
same week last year.

   Midwest PADD 2 inventories ended the week at 23.555 million bbl, up 123,000 
bbl week-on-week and 451,000 bbl, or 1.9% higher than in the same week last 
year.

   Gulf Coast PADD 3 inventories ended the week at 47.238 million bbl, up 4.001 
million bbl week-on-week and 3.956 million bbl, or 8.4% lower than in the same 
week last year.

   Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended 
the week at 4.873 million bbl, up 90,000 bbl week-on-week and 112,000 bbl, or 
2.3% lower than in the same week last year.




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