EIA: Propane/Propylene Stocks Climb, Up 60.9% Y-o-Y

HOUSTON, TX  (DTN) – The Energy Information Administration reported on Wednesday (5/13) total domestic propane/propylene stocks of 81.146 million bbl in the week ending May 8, up 3.59 million bbl week-on-week and 30.722 million bbl, or 60.9% higher than in the same week last year.
Data show propane/propylene exports last week averaged 2.168 million bpd, up 140,000 bpd week-on-week and 33,000 bpd, or 1.5%, lower than in the same week last year.
Implied demand for propane/propylene in the United States averaged 432,000 bpd, down 738,000 bpd week-on-week and 16,000 bpd, or 3.8% higher than in the same week last year.
EIA reports domestic propane/propylene production averaged 3.011 million bpd, up 69,000 bpd week-on-week and 173,000 bpd, or 6.1% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 4.551 million bbl, up 916,000 bbl week-on-week and 336,000 bbl, or 8% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 17.331 million bbl, up 1.095 million bbl week-on-week and 6.355 million bbl, or 57.9% higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 56.031 million bbl, up 1.433 million bbl week-on-week and 23.839 million bbl, or 74.1% 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 3.233 million bbl, up 147,000 bbl week-on-week and 192,000 bbl, or 6.3% higher than in the same week last year.