From PetroChem 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|
|4 weeks ago||4,436||680||15.3%|
|52 week average||3,083||2,033||65.9%|
|Source: US Energy Information Administration|