EIA: Propane/Propylene Stocks Increase 34.2% on Year

VIENNA (DTN) – The Energy Information Administration reported on Thursday (2/19) total domestic propane/propylene stocks of 74.185 million bbl in the week ending February 13, down 3.084 million bbl week-on-week and 18.917 million bbl, or 34.2% higher than in the same week last year.

Data show propane/propylene exports last week averaged 2.04 million bpd, up 169,000 bpd week-on-week and 52,000 bpd, or 2.6%, higher than in the same week last year.

Implied demand for propane/propylene in the United States averaged 1.472 million bpd, down 305,000 bpd week-on-week and 150,000 bpd, or 11.3% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.836 million bpd, up 150,000 bpd week-on-week and 171,000 bpd, or 6.4% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 3.694 million bbl, down 406,000 bbl week-on-week and 92,000 bbl, or 2.6% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 15.174 million bbl, down 528,000 bbl week-on-week and 2.621 million bbl, or 20.9% higher than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 51.75 million bbl, down 1.807 million bbl week-on-week and 16.016 million bbl, or 44.8% 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 3.566 million bbl, down 344,000 bbl week-on-week and 186,000 bbl, or 5.5% higher than in the same week last year.