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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 for second week

HOUSTON, March 13, 2019 (PCW) -- US nonfuel use propylene inventories fell 245,000 barrels (-3.7%) to 6.353 million barrels for the week of March 8, the EIA said today. It was the second consecutive decrease, but inventories are still up 218,000 barrels (3.6%) over the past four weeks. Inventories currently stand 2.741 million barrels (75.9%) above the 52-week average of 3.612 million barrels. Meanwhile, US Gulf Coast refinery utilization was down a slight 0.1 percentage point at 89.5%. That is higher than the 5-year seasonal average of 88.2%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 6,353
Last week 6,598 -245 -3.7%
4 weeks ago 6,135 218 3.6%
Year ago 3,350 3,003 89.6%
52 week average 3,612 2,741 75.9%
Source: US Energy Information Administration

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