EIA: Propane/Propylene Stockpiles Rise 4.6% On Year

VIENNA (DTN) – The Energy Information Administration reported on Thursday (11/13) total domestic propane/propylene stocks of 105.403 million bbl in the week ending November 7, down 691,000 bbl week-on-week and 4.894 million bbl, or 4.6% higher than in the same week last year.

Data show propane/propylene exports last week averaged 1.929 million bpd, down 35,000 bpd week-on-week and 360,000 bpd, or 18.7%, lower than in the same week last year.

Implied demand for propane/propylene in the United States averaged 1.158 million bpd, up 214,000 bpd week-on-week and 448,000 bpd, or 38.7% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.873 million bpd, up 22,000 bpd week-on-week and 130,000 bpd, or 4.5% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 8.631 million bbl, down 1.087 million bbl week-on-week and 225,000 bbl, or 2.6% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 28.01 million bbl, up 119,000 bbl week-on-week and 894,000 bbl, or 3.2% lower than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 63.267 million bbl, up 148,000 bbl week-on-week and 6.181 million bbl, or 9.8% 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 5.495 million bbl, up 129,000 bbl week-on-week and 619,000 bbl, or 11.3% lower than in the same week last year.