EIA: Propane/Propylene Stocks Rise 50.8% Y-o-Y


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(3/4) total domestic propane/propylene stocks of 73.351 million bbl in the week 
ending February 27, up 819,000 bbl week-on-week and 24.697 million bbl, or 
50.8% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 1.609 million bpd, down 
353,000 bpd week-on-week and 639,000 bpd, or 28.4%, lower than in the same week 
last year.

   
Implied demand for propane/propylene in the United States averaged 1.268 
million bpd, down 75,000 bpd week-on-week and 210,000 bpd, or 19.8% higher than 
in the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.816 million bpd, 
down 46,000 bpd week-on-week and 126,000 bpd, or 4.7% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 3.53 million bbl, up 238,000 
bbl week-on-week and 148,000 bbl, or 4.4% higher than in the same week last 
year.

   
Midwest PADD 2 inventories ended the week at 13.806 million bbl, down 109,000 
bbl week-on-week and 3.392 million bbl, or 32.6% higher than in the same week 
last year.

   
Gulf Coast PADD 3 inventories ended the week at 52.6 million bbl, up 815,000 
bbl week-on-week and 20.715 million bbl, or 65% 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 3.415 million bbl, down 125,000 bbl week-on-week and 441,000 bbl, or 
14.8% higher than in the same week last year.




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