EIA: Propane/Propylene Stocks Record First Draw in 8 Wks


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(9/2) total domestic propane/propylene stocks of 107.411 million bbl in the 
week ending August 28, down 2.072 million bbl week-on-week and 11.283 million 
bbl, or 11.7% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 2.153 million bpd, up 
135,000 bpd week-on-week and 366,000 bpd, or 20.5%, higher than in the same 
week last year.

   
Implied demand for propane/propylene in the United States averaged 1.125 
million bpd, up 494,000 bpd week-on-week and 419,000 bpd, or 59.3% higher than 
in the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.916 million bpd, 
down 5,000 bpd week-on-week and 49,000 bpd, or 1.7% higher than in the same 
week last year.

   
East Coast PADD 1 inventories ended the week at 7.858 million bbl, down 283,000 
bbl week-on-week and 828,000 bbl, or 9.5% lower than in the same week last year.

   
Midwest PADD 2 inventories ended the week at 26.176 million bbl, down 468,000 
bbl week-on-week and 585,000 bbl, or 2.3% higher than in the same week last 
year.

   
Gulf Coast PADD 3 inventories ended the week at 68.182 million bbl, down 1.426 
million bbl week-on-week and 11.568 million bbl, or 20.4% 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 5.195 million bbl, up 105,000 bbl week-on-week and 41,000 bbl, or 0.8% 
lower than in the same week last year.

    




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