EIA: Propane/Propylene Stocks Expand, Up 34.5% on Year

VIENNA (DTN) – The Energy Information Administration reported on Wednesday (6/3) total domestic propane/propylene stocks of 83.316 million bbl in the week ending May 29, up 2.131 million bbl week-on-week and 21.373 million bbl, or 34.5% higher than in the same week last year.

Data show propane/propylene exports last week averaged 1.649 million bpd, down 976,000 bpd week-on-week and 418,000 bpd, or 34%, higher than in the same week last year.

Implied demand for propane/propylene in the United States averaged 1.118 million bpd, up 608,000 bpd week-on-week and 330,000 bpd, or 41.9% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.99 million bpd, down 3,000 bpd week-on-week and 93,000 bpd, or 3.2% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 4.892 million bbl, up 245,000 bbl week-on-week and 624,000 bbl, or 14.6% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 18.771 million bbl, up 472,000 bbl week-on-week and 5.175 million bbl, or 38.1% higher than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 56.326 million bbl, up 1.332 million bbl week-on-week and 15.32 million bbl, or 37.4% higher than in the same week last year.

Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended the week at 3.327 million bbl, up 82,000 bbl week-on-week and 253,000 bbl, or 8.2% higher than in the same week last year.