EIA: Propane/Propylene Stocks Down on Wk, Up 19% on Yr


   
Karim Bastati
DTN Refined Fuels Market Reporter

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(1/7) total domestic propane/propylene stocks of 98.104 million bbl in the week 
ending January 2, down 2.22 million bbl week-on-week and 15.516 million bbl, or 
18.8% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 1.876 million bpd, up 
184,000 bpd week-on-week and 157,000 bpd, or 9.1%, higher than in the same week 
last year.

   
Implied demand for propane/propylene in the United States averaged 1.418 
million bpd, up 194,000 bpd week-on-week and 18,000 bpd, or 1.3% lower than in 
the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.826 million bpd, 
down 27,000 bpd week-on-week and 156,000 bpd, or 5.8% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 6.809 million bbl, down 924,000 
bbl week-on-week and 61,000 bbl, or 0.9% higher than in the same week last year.

   
Midwest PADD 2 inventories ended the week at 23.306 million bbl, down 333,000 
bbl week-on-week and 1.459 million bbl, or 6.7% higher than in the same week 
last year.

   
Gulf Coast PADD 3 inventories ended the week at 63.157 million bbl, down 
818,000 bbl week-on-week and 13.659 million bbl, or 27.6% 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 4.832 million bbl, down 144,000 bbl week-on-week and 336,000 bbl, or 
7.5% higher than in the same week last year.




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