EIA: Propane/Propylene Stocks Expand, Up 14.5% on Year


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The Energy Information Administration reported on 
Wednesday total domestic propane/propylene stocks of 84.46 million bbl in the 
week ending June 5, up 1.144 million bbl week-on-week and 18.474 million bbl, 
or 28% higher than in the same week last year.
Data show propane/propylene exports last week averaged 2.097 million bpd, up 
448,000 bpd week-on-week and 266,000 bpd, or 14.5%, higher than in the same 
week last year.
Implied demand for propane/propylene in the United States averaged 877,000 bpd, 
down 241,000 bpd week-on-week and 297,000 bpd, or 51.2% higher than in the same 
week last year.
EIA reports domestic propane/propylene production averaged 3.016 million bpd, 
up 26,000 bpd week-on-week and 119,000 bpd, or 4.1% higher than in the same 
week last year.
East Coast PADD 1 inventories ended the week at 5.278 million bbl, up 386,000 
bbl week-on-week and 94,000 bbl, or 1.7% lower than in the same week last year.
Midwest PADD 2 inventories ended the week at 19.46 million bbl, up 689,000 bbl 
week-on-week and 4.838 million bbl, or 33.1% higher than in the same week last 
year.
Gulf Coast PADD 3 inventories ended the week at 56.358 million bbl, up 32,000 
bbl week-on-week and 13.528 million bbl, or 31.6% 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 3.364 million bbl, up 37,000 bbl week-on-week and 202,000 bbl, or 6.4% 
higher than in the same week last year.

    




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