EIA: Propane/Propylene Stocks See 4th Straight Weekly Drop


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(1/28) total domestic propane/propylene stocks of 88.952 million bbl in the 
week ending January 23, down 4.688 million bbl week-on-week and 27.523 million 
bbl, or 44.8% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 2.095 million bpd, up 
295,000 bpd week-on-week and 42,000 bpd, or 2%, lower than in the same week 
last year.

   
Implied demand for propane/propylene in the United States averaged 1.5 million 
bpd, down 16,000 bpd week-on-week and 204,000 bpd, or 15.7% higher than in the 
same week last year.

   
EIA reports domestic propane/propylene production averaged 2.77 million bpd, 
down 89,000 bpd week-on-week and 178,000 bpd, or 6.9% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 5.529 million bbl, down 532,000 
bbl week-on-week and 1.432 million bbl, or 35% higher than in the same week 
last year.

   
Midwest PADD 2 inventories ended the week at 19.51 million bbl, down 1.427 
million bbl week-on-week and 4.542 million bbl, or 30.3% higher than in the 
same week last year.

   
Gulf Coast PADD 3 inventories ended the week at 59.633 million bbl, down 2.38 
million bbl week-on-week and 20.965 million bbl, or 54.2% 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 4.28 million bbl, down 349,000 bbl week-on-week and 584,000 bbl, or 
15.8% higher than in the same week last year.

    




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