EIA: US Propane/Propylene Stocks Up 100,000 Bbl in Week
CANYON LAKE, Texas (DTN) -- The Energy Information Administration today
reported U.S. inventories of propane/propylene increased about 100,000 bbl in
the week-ended Oct. 4 at 100.8 million bbl, with a stock build in Gulf Coast
PADD 3 offsetting a decline in East Coast PADD 1 while supplies in other
regions were near flat.
At 100.8 million bbl on Oct. 4, domestic propane/propylene stocks are up
20.5 million bbl or 25.6% from the same time in 2018 and about 14% above the
EIA data showed Gulf Coast PADD 3 propane/propylene stocks rose 1 million
bbl during the week-ended Oct. 4 to 62.1 million bbl while supplies in East
Coast PADD 1 dropped 900,000 bbl at 7 million bbl. Compared to the same time in
2018, Gulf Coast PADD 3 propane/propylene supplies are up 21.8 million bbl or
54.1% and East Coast PADD 1 stocks down 1.1 million bbl or 11.1%, EIA data
Midwest PADD 2 propane/propylene inventories were unchanged in the week at
27.5 million bbl, which is down 400,000 bbl or 1.4% from the year-ago level.
EIA data shows U.S. propane/propylene exports in the week-ended Oct. 4 at 1.129
million bpd, up from 1.006 million bpd in the week prior. Domestic exports of
propane/propylene in the four weeks ended Oct. 4 averaged 1.084 million bpd
compared with 885,000 bpd in the same period in 2018.
U.S. propane/propylene imports were at 108,000 bpd in the week, down from
120,000 bpd in the week prior. Propane imports in the last four weeks averaged
108,000 bpd compared with 122,000 bpd in the same period last year.
Propane/propylene inventories in PADDs IV and V, which include the Rocky
Mountain and West Coast regions, were unchanged in the week at 4.1 million bbl,
which is up 100,000 bbl or 2.5% above the year-ago level.
Agency data showed implied demand for propane/propylene at 1.088 million
bpd, up from 1.124 million bpd week prior. Implied demand in the four weeks
ended Oct. 4 was 1.095 million bpd compared with 1.046 million bpd in the same
period in 2018.
EIA reported refiner and blender net production of propane/propylene at
2.127 million bpd, down from 2.149 million bpd in the week prior. Versus the
same time last year, refiner and blend propane/propylene production were up
102,000 bpd or 5%.
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