EIA: Propane/Propylene Stocks See Third Straight Weekly Drop

HOUSTON, TX (DTN) The Energy Information Administration reported on Wednesday 91/22) total domestic propane/propylene stocks of 93.64 million bbl in the week ending January 16, down 2.074 million bbl week-on-week and 15.789 million bbl, or 20.3% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.8 million bpd, down 276,000 bpd week-on-week and 61,000 bpd, or 3.3%, lower than in the same week last year.
Implied demand for propane/propylene in the United States averaged 1.516 million bpd, up 199,000 bpd week-on-week and 81,000 bpd, or 5.1% lower than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.859 million bpd, down 32,000 bpd week-on-week and 228,000 bpd, or 8.7% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 6.061 million bbl, down 267,000 bbl week-on-week and 107,000 bbl, or 1.8% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 20.937 million bbl, down 1.229 million bbl week-on-week and 183,000 bbl, or 0.9% higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 62.013 million bbl, down 544,000 bbl week-on-week and 15.296 million bbl, or 32.7% 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 4.629 million bbl, down 34,000 bbl week-on-week and 203,000 bbl, or 4.6% higher than in the same week last year.