EIA: Propane/Propylene Stocks Climb, Up 71.5% Y-o-Y

VIENNA (DTN) – The Energy Information Administration reported on Wednesday (4/22) total domestic propane/propylene stocks of 79.99 million bbl in the week ending April 17, up 2.093 million bbl week-on-week and 33.36 million bbl, or 71.5% higher than in the same week last year.

Data show propane/propylene exports last week averaged 2.09 million bpd, up 209,000 bpd week-on-week and 71,000 bpd, or 3.3%, lower than in the same week last year.

Implied demand for propane/propylene in the United States averaged 694,000 bpd, down 472,000 bpd week-on-week and 246,000 bpd, or 54.9% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.976 million bpd, up 3,000 bpd week-on-week and 141,000 bpd, or 5% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 4.742 million bbl, up 712,000 bbl week-on-week and 651,000 bbl, or 15.9% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 15.025 million bbl, up 287,000 bbl week-on-week and 5.252 million bbl, or 53.7% higher than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 56.895 million bbl, up 672,000 bbl week-on-week and 26.366 million bbl, or 86.4% 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 3.328 million bbl, up 422,000 bbl week-on-week and 1.092 million bbl, or 48.8% higher than in the same week last year.