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 drop first time in eight weeks
HOUSTON, February 6, 2019 (PCW) -- US nonfuel use propylene inventories fell last week by 85,000 barrels (-1.5%) to 5.752 million barrels, the first decline in eight weeks, the EIA said today. Propylene inventories have fallen in only three of the past twelve weeks and remain 74% higher than the 52-week average of 3.308 million barrels. Meanwhile, refineries continued to operate at above normal rates along the Gulf Coast. US Gulf Coast refinery utilization was up 0.5 percentage point at 90.9% last week, compared with the five-year seasonal average of 87.6%. -- David Barry
|US Nonfuel Use Propylene Inventories|
|4 weeks ago||5,116||636||12.4%|
|52 week average||3,308||2,444||73.9%|
|Source: US Energy Information Administration|