EIA: Propane/Propylene Stocks Down on Wk, Up 23% on Yr

VIENNA (DTN) – The Energy Information Administration reported on Wednesday (1/14) total domestic propane/propylene stocks of 95.714 million bbl in the week ending January 9, down 2.39 million bbl week-on-week and 17.863 million bbl, or 22.9% higher than in the same week last year.

Data show propane/propylene exports last week averaged 2.076 million bpd, up 200,000 bpd week-on-week and 215,000 bpd, or 11.6%, higher than in the same week last year.

Implied demand for propane/propylene in the United States averaged 1.317 million bpd, down 101,000 bpd week-on-week and 280,000 bpd, or 17.5% lower than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.891 million bpd, up 65,000 bpd week-on-week and 260,000 bpd, or 9.9% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 6.328 million bbl, down 481,000 bbl week-on-week and 374,000 bbl, or 6.3% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 22.166 million bbl, down 1.14 million bbl week-on-week and 1.412 million bbl, or 6.8% higher than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 62.557 million bbl, down 600,000 bbl week-on-week and 15.84 million bbl, or 33.9% 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 4.663 million bbl, down 169,000 bbl week-on-week and 237,000 bbl, or 5.4% higher than in the same week last year.