EIA: Propane/Propylene Stocks Expand, Rise 19.3% on Year

MIAMI, FL (DTN) –The Energy Information Administration reported on Wednesday(7/15) total domestic propane/propylene stocks of 93.489 million bbl in the week ending July 10, up 3.028 million bbl week-on-week and 15.104 million bbl, or 19.3% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.988 million bpd, down 628,000 bpd week-on-week and 528,000 bpd, or 36.2%, higher than in the same week last year.
Implied demand for propane/propylene in the United States averaged 563,000 bpd, up 38,000 bpd week-on-week and 467,000 bpd, or 45.3% lower than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.91 million bpd, down 14,000 bpd week-on-week and 112,000 bpd, or 4% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 7.278 million bbl, down 259,000 bbl week-on-week and 841,000 bbl, or 13.1% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 22.934 million bbl, up 867,000 bbl week-on-week and 3.088 million bbl, or 15.6% higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 58.976 million bbl, up 2.076 million bbl week-on-week and 10.922 million bbl, or 22.7% 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 4.302 million bbl, up 344,000 bbl week-on-week and 254,000 bbl, or 6.3% higher than in the same week last year.