EIA: Propane/Propylene Stocks Climb 42.8% on Year

HOUSTON, TX  (DTN) – The Energy Information Administration reported on Wednesday (4/8) total domestic propane/propylene stocks of 77.596 million bbl in the week ending April 3, up 570,000 bbl week-on-week and 33.229 million bbl, or 42.8% higher than in the same week last year.

Data show propane/propylene exports last week averaged 1.711 million bpd, down 188,000 bpd week-on-week and 255,000 bpd, or 14.9%, lower than in the same week last year.

Implied demand for propane/propylene in the United States averaged 1.365 million bpd, up 740,000 bpd week-on-week and 304,000 bpd, or 22.3% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 3.038 million bpd, up 51,000 bpd week-on-week and 294,000 bpd, or 9.7% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 3.599 million bbl, up 379,000 bbl week-on-week and 88,000 bbl, or 2.4% lower than in the same week last year.

Midwest PADD 2 inventories ended the week at 14.946 million bbl, up 368,000 bbl week-on-week and 5.182 million bbl, or 34.7% higher than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 55.95 million bbl, down 84,000 bbl week-on-week and 27.596 million bbl, or 49.3% 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 3.101 million bbl, down 93,000 bbl week-on-week and 539,000 bbl, or 17.4% higher than in the same week last year.