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Daily Wire

  

PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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US nonfuel use propylene supplies climb for fourth straight week

HOUSTON, January 9, 2019 (PCW) -- US nonfuel use propylene inventories were up 39,000 barrels (0.8%) at 5.116 million barrels for the week ending January 4, the EIA said today. It was the fourth consecutive weekly inventory build, although the rate of growth was slower than in previous weeks, and inventories have risen in ten of the past twelve weeks. Inventories are currently 2.033 million barrels (66%) above the 52-week average of 3.083 million barrels. US Gulf Coast refinery utilization fell 1.7 percentage points last week to 97.7%, still above average for this time of year. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 5,116
Last week 5,077 39 0.8%
4 weeks ago 4,436 680 15.3%
Year ago 2,458 2,658 108.1%
52 week average 3,083 2,033 65.9%
Source: US Energy Information Administration

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