EIA: Propane/Propylene Exports Jump, Stocks Edge Lower


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(9/16) total domestic propane/propylene stocks of 109.092 million bbl in the 
week ending September 11, down 1.378 million bbl week-on-week and 10.161 
million bbl, or 10.3% higher than in the same week last year.

   
Data show propane/propylene exports last week averaged 2.213 million bpd, up 
253,000 bpd week-on-week and 241,000 bpd, or 12.2%, higher than in the same 
week last year.

   
Implied demand for propane/propylene in the United States averaged 1.038 
million bpd, up 381,000 bpd week-on-week and 186,000 bpd, or 21.8% higher than 
in the same week last year.

   
EIA reports domestic propane/propylene production averaged 2.973 million bpd, 
up 20,000 bpd week-on-week and 87,000 bpd, or 3% higher than in the same week 
last year.

   
East Coast PADD 1 inventories ended the week at 7.734 million bbl, down 781,000 
bbl week-on-week and 899,000 bbl, or 10.4% lower than in the same week last 
year.

   
Midwest PADD 2 inventories ended the week at 26.259 million bbl, down 303,000 
bbl week-on-week and 204,000 bbl, or 0.8% higher than in the same week last 
year.

   
Gulf Coast PADD 3 inventories ended the week at 69.626 million bbl, down 
570,000 bbl week-on-week and 10.564 million bbl, or 17.9% 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 5.473 million bbl, up 277,000 bbl week-on-week and 292,000 bbl, or 5.6% 
higher than in the same week last year.

    




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