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EIA: US Propane/Propylene Stocks Up 100,000 Bbl in Week
10/09 10:17 AM
EIA: US Propane/Propylene Stocks Up 100,000 Bbl in Week CANYON LAKE, Texas (DTN) -- The Energy Information Administration today reported U.S. inventories of propane/propylene increased about 100,000 bbl in the week-ended Oct. 4 at 100.8 million bbl, with a stock build in Gulf Coast PADD 3 offsetting a decline in East Coast PADD 1 while supplies in other regions were near flat. At 100.8 million bbl on Oct. 4, domestic propane/propylene stocks are up 20.5 million bbl or 25.6% from the same time in 2018 and about 14% above the five-year average. EIA data showed Gulf Coast PADD 3 propane/propylene stocks rose 1 million bbl during the week-ended Oct. 4 to 62.1 million bbl while supplies in East Coast PADD 1 dropped 900,000 bbl at 7 million bbl. Compared to the same time in 2018, Gulf Coast PADD 3 propane/propylene supplies are up 21.8 million bbl or 54.1% and East Coast PADD 1 stocks down 1.1 million bbl or 11.1%, EIA data shows. Midwest PADD 2 propane/propylene inventories were unchanged in the week at 27.5 million bbl, which is down 400,000 bbl or 1.4% from the year-ago level. EIA data shows U.S. propane/propylene exports in the week-ended Oct. 4 at 1.129 million bpd, up from 1.006 million bpd in the week prior. Domestic exports of propane/propylene in the four weeks ended Oct. 4 averaged 1.084 million bpd compared with 885,000 bpd in the same period in 2018. U.S. propane/propylene imports were at 108,000 bpd in the week, down from 120,000 bpd in the week prior. Propane imports in the last four weeks averaged 108,000 bpd compared with 122,000 bpd in the same period last year. Propane/propylene inventories in PADDs IV and V, which include the Rocky Mountain and West Coast regions, were unchanged in the week at 4.1 million bbl, which is up 100,000 bbl or 2.5% above the year-ago level. Agency data showed implied demand for propane/propylene at 1.088 million bpd, up from 1.124 million bpd week prior. Implied demand in the four weeks ended Oct. 4 was 1.095 million bpd compared with 1.046 million bpd in the same period in 2018. EIA reported refiner and blender net production of propane/propylene at 2.127 million bpd, down from 2.149 million bpd in the week prior. Versus the same time last year, refiner and blend propane/propylene production were up 102,000 bpd or 5%. (c) 2019 DTN. All rights reserved.