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 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|
|4 weeks ago||6,135||218||3.6%|
|52 week average||3,612||2,741||75.9%|
|Source: US Energy Information Administration|