EIA: Propane/Propylene Stocks Expand, Rise 15.4% on Year


   
Kristina Davis
DTN Energy Reporter

   MIAMI, FL (DTN) --

   The Energy Information Administration reported on Wednesday (7/8) total 
domestic propane/propylene stocks of 90.461 million bbl in the week ending July 
3, down 845,000 bbl week-on-week and 12.076 million bbl, or 15.4% higher than 
in the same week last year.
Data show propane/propylene exports last week averaged 2.616 million bpd, up 
709,000 bpd week-on-week and 748,000 bpd, or 40%, higher than in the same week 
last year.
Implied demand for propane/propylene in the United States averaged 525,000 bpd, 
down 371,000 bpd week-on-week and 43,000 bpd, or 7.6% lower than in the same 
week last year.
EIA reports domestic propane/propylene production averaged 2.924 million bpd, 
up 20,000 bpd week-on-week and 127,000 bpd, or 4.5% higher than in the same 
week last year.
East Coast PADD 1 inventories ended the week at 7.537 million bbl, up 287,000 
bbl week-on-week and 1.1 million bbl, or 17.1% higher than in the same week 
last year.
Midwest PADD 2 inventories ended the week at 22.067 million bbl, up 648,000 bbl 
week-on-week and 2.221 million bbl, or 11.2% higher than in the same week last 
year.
Gulf Coast PADD 3 inventories ended the week at 56.9 million bbl, down 1.933 
million bbl week-on-week and 8.846 million bbl, or 18.4% 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 3.958 million bbl, up 153,000 bbl week-on-week and 90,000 bbl, or 2.2% 
lower than in the same week last year.

    




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