EIA: Propane/Propylene Stockpiles Rise 4.9% Y-o-Y

HOUSTON, TX (DTN) — The Energy Information Administration reported on Wednesday (10/29) total domestic propane/propylene stocks of 105.681 million bbl in the week ending October 24, up 2.506 million bbl week-on-week and 5.172 million bbl, or 4.9% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.649 million bpd, down 243,000 bpd week-on-week and 640,000 bpd, or 38.8%, lower than in the same week last year.
Implied demand for propane/propylene in the United States averaged 964,000 bpd, up 50,000 bpd week-on-week and 254,000 bpd, or 26.3% higher than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.858 million bpd, up 18,000 bpd week-on-week and 115,000 bpd, or 4% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 9.347 million bbl, up 503,000 bbl week-on-week and 941,000 bbl, or 10.1% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 28.196 million bbl, up 237,000 bbl week-on-week and 708,000 bbl, or 2.5% lower than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 62.592 million bbl, up 1.667 million bbl week-on-week and 5.506 million bbl, or 8.8% 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 5.545 million bbl, up 97,000 bbl week-on-week and 569,000 bbl, or 10.3% lower than in the same week last year.