EIA: Propane/Propylene Stocks Climbs 52.9% on Year

HOUSTON, TX (DTN) –The Energy Information Administration reported on Wednesday (5/28) total domestic propane/propylene stocks of 81.185 million bbl in the week ending May 22, down 382,000 bbl week-on-week and 28.086 million bbl, or 52.9% higher than in the same week last year.
Data show propane/propylene exports last week averaged 2.625 million bpd, up 624,000 bpd week-on-week and 935,000 bpd, or 55.3%, higher than in the same week last year.
Implied demand for propane/propylene in the United States averaged 510,000 bpd, down 498,000 bpd week-on-week and 331,000 bpd, or 39.4% lower than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.993 million bpd, down 11,000 bpd week-on-week and 160,000 bpd, or 5.6% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 4.647 million bbl, up 198,000 bbl week-on-week and 873,000 bbl, or 23.1% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 18.299 million bbl, up 558,000 bbl week-on-week and 6.365 million bbl, or 53.3% higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 54.994 million bbl, down 1.229 million bbl week-on-week and 20.577 million bbl, or 59.8% 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 3.245 million bbl, up 92,000 bbl week-on-week and 271,000 bbl, or 9.1% higher than in the same week last year.