EIA: Propane/Propylene Stocks Expand, Rise 33.4% on Year


   
Kristina Davis
DTN Energy Reporter

   MIAMI, FL (DTN) -- The Energy Information Administration reported on 
Wednesday (6/24) total domestic propane/propylene stocks of 90.047 million bbl 
in the week ending June 19, up 2.618 million bbl week-on-week and 22.524 
million bbl, or 33.4% higher than in the same week last year.
Data show propane/propylene exports last week averaged 2.026 million bpd, up 
31,000 bpd week-on-week and 115,000 bpd, or 6%, higher than in the same week 
last year.
Implied demand for propane/propylene in the United States averaged 586,000 bpd, 
up 18,000 bpd week-on-week and 239,000 bpd, or 29% lower than in the same week 
last year.
EIA reports domestic propane/propylene production averaged 2.893 million bpd, 
down 21,000 bpd week-on-week and 13,000 bpd, or 0.5% higher than in the same 
week last year.
East Coast PADD 1 inventories ended the week at 6.847 million bbl, up 880,000 
bbl week-on-week and 1.731 million bbl, or 33.8% higher than in the same week 
last year.
Midwest PADD 2 inventories ended the week at 20.699 million bbl, up 531,000 bbl 
week-on-week and 5.076 million bbl, or 32.5% higher than in the same week last 
year.
Gulf Coast PADD 3 inventories ended the week at 58.66 million bbl, up 771,000 
bbl week-on-week and 15.196 million bbl, or 35% 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 3.841 million bbl, up 436,000 bbl week-on-week and 521,000 bbl, or 
15.7% higher than in the same week last year.

    




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