EIA: US Propane/Propylene Stocks Hit Record High Last Week


   
    

    

   OAKHURST, N.J. (DTN) --- The Energy Information Administration reports total 
domestic propane/propylene stocks reached a record 103.135 million bbl in the 
week ending Oct. 11, up 3.366 million bbl week-on-week and 815,000 bbl, or 0.8% 
higher than in the same week last year.

   Data show propane/propylene exports last week averaged 1.533 million bpd, 
down 9,000 bpd week-on-week and 387,000 bpd, or 25.2%, higher than in the same 
week last year.

   Implied demand for propane/propylene in the United States averaged 783,000 
bpd, down 213,000 bpd week-on-week and 710,000 bpd, or 90.7% lower than in the 
same week last year.

   EIA reports domestic propane/propylene production averaged 2.683 million 
bpd, down 18,000 bpd week-on-week and 34,000 bpd, or 1.3% higher than in the 
same week last year.

   East Coast PADD 1 inventories ended the week at 7.987 million bbl, up 
639,000 bbl week-on-week and 1.513 million bbl, or 18.9% lower than in the same 
week last year.

   Midwest PADD 2 inventories ended the week at 28.71 million bbl, up 424,000 
bbl week-on-week and 1.01 million bbl, or 3.5% higher than in the same week 
last year.

   Gulf Coast PADD 3 inventories ended the week at 60.337 million bbl, up 2.235 
million bbl week-on-week and 1.158 million bbl, or 1.9% 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 6.1 million bbl, up 67,000 bbl week-on-week and 159,000 bbl, or 
2.6% higher than in the same week last year.




(c) Copyright 2024 DTN, LLC. All rights reserved.