EIA: Propane/Propylene Stockpiles Rise 5.6% Y-o-Y


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(11/5) total domestic propane/propylene stocks of 106.094 million bbl in the 
week ending October 31, up 413,000 bbl week-on-week and 5.585 million bbl, or 
5.6% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 1.964 million bpd, up 
315,000 bpd week-on-week and 386,000 bpd, or 19.7%, higher than in the same 
week last year.

   
Implied demand for propane/propylene in the United States averaged 944,000 bpd, 
down 20,000 bpd week-on-week and 366,000 bpd, or 38.8% lower than in the same 
week last year.

   
EIA reports domestic propane/propylene production averaged 2.851 million bpd, 
down 7,000 bpd week-on-week and 97,000 bpd, or 3.4% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 9.718 million bbl, up 371,000 
bbl week-on-week and 1.312 million bbl, or 15.6% higher than in the same week 
last year.

   
Midwest PADD 2 inventories ended the week at 27.891 million bbl, down 305,000 
bbl week-on-week and 1.013 million bbl, or 3.5% lower than in the same week 
last year.

   
Gulf Coast PADD 3 inventories ended the week at 63.119 million bbl, up 527,000 
bbl week-on-week and 6.033 million bbl, or 10.6% 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 5.366 million bbl, down 179,000 bbl week-on-week and 748,000 bbl, or 
12.2% lower than in the same week last year.

    




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