EIA: Propane/Propylene Stocks Expand, Rise 29.5% on Year


   
Maria Eugenia Garcia
DTN Energy Reporter

   HOUSTON, TX (DTN) --The Energy Information Administration reported on 
Wednesday (6/17) total domestic propane/propylene stocks of 87.429 million bbl 
in the week ending June 12, up 2.969 million bbl week-on-week and 19.906 
million bbl, or 29.5% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.995 million bpd, down 
102,000 bpd week-on-week and 84,000 bpd, or 4.4%, higher than in the same week 
last year.
Implied demand for propane/propylene in the United States averaged 568,000 bpd, 
down 309,000 bpd week-on-week and 257,000 bpd, or 31.2% lower than in the same 
week last year.
EIA reports domestic propane/propylene production averaged 2.914 million bpd, 
down 102,000 bpd week-on-week and 34,000 bpd, or 1.2% higher than in the same 
week last year.
East Coast PADD 1 inventories ended the week at 5.967 million bbl, up 689,000 
bbl week-on-week and 851,000 bbl, or 16.6% higher than in the same week last 
year.
Midwest PADD 2 inventories ended the week at 20.168 million bbl, up 708,000 bbl 
week-on-week and 4.545 million bbl, or 29.1% higher than in the same week last 
year.
Gulf Coast PADD 3 inventories ended the week at 57.889 million bbl, up 1.531 
million bbl week-on-week and 14.425 million bbl, or 33.2% 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 3.405 million bbl, up 41,000 bbl week-on-week and 85,000 bbl, or 2.6% 
higher than in the same week last year.

    




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