EIA: Propane/Propylene Stocks Fall on Week, Up 7.8% on Yr


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(12/3) total domestic propane/propylene stocks of 103.546 million bbl in the 
week ending November 28, down 687,000 bbl week-on-week and 7.514 million bbl, 
or 7.8% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 2.019 million bpd, up 
339,000 bpd week-on-week and 171,000 bpd, or 7.8%, lower than in the same week 
last year.

   
Implied demand for propane/propylene in the United States averaged 1.143 
million bpd, down 379,000 bpd week-on-week and 318,000 bpd, or 38.5% higher 
than in the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.928 million bpd, 
up 17,000 bpd week-on-week and 120,000 bpd, or 4.3% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 8.796 million bbl, down 88,000 
bbl week-on-week and 335,000 bbl, or 4% higher than in the same week last year.

   
Midwest PADD 2 inventories ended the week at 27.906 million bbl, up 193,000 bbl 
week-on-week and 1.292 million bbl, or 4.9% higher than in the same week last 
year.

   
Gulf Coast PADD 3 inventories ended the week at 61.529 million bbl, down 
731,000 bbl week-on-week and 5.84 million bbl, or 10.5% 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 5.314 million bbl, down 61,000 bbl week-on-week and 46,000 bbl, or 0.9% 
higher than in the same week last year.




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