EIA: Propane/Propylene Stocks Jump, Up 21.2%% on Year
7/22 9:52 AM
EIA: Propane/Propylene Stocks Jump, Up 21.2% on Year
Karim Bastati
DTN Analyst
VIENNA (DTN) -- The Energy Information Administration reported on Wednesday
(7/22) total domestic propane/propylene stocks of 99.776 million bbl in the
week ending July 17, up 6.287 million bbl week-on-week and 17.449 million bbl,
or 21.2% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.573 million bpd, down
415,000 bpd week-on-week and 522,000 bpd, or 24.9%, lower than in the same week
last year.
Implied demand for propane/propylene in the United States averaged 526,000 bpd,
down 37,000 bpd week-on-week and 416,000 bpd, or 44.2% lower than in the same
week last year.
EIA reports domestic propane/propylene production averaged 2.894 million bpd,
down 16,000 bpd week-on-week and 23,000 bpd, or 0.8% higher than in the same
week last year.
East Coast PADD 1 inventories ended the week at 6.992 million bbl, down 286,000
bbl week-on-week and 975,000 bbl, or 16.2% higher than in the same week last
year.
Midwest PADD 2 inventories ended the week at 23.518 million bbl, up 584,000 bbl
week-on-week and 1.966 million bbl, or 9.1% higher than in the same week last
year.
Gulf Coast PADD 3 inventories ended the week at 64.724 million bbl, up 5.748
million bbl week-on-week and 14.17 million bbl, or 28% 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 4.542 million bbl, up 240,000 bbl week-on-week and 338,000 bbl, or 8%
higher than in the same week last year.
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