EIA: Propane/Propylene Stocks Up 1.9% W/W

VIENNA (DTN) — The Energy Information Administration reported on Wednesday total domestic propane/propylene stocks of 102.376 million bbl in the week ending October 10, up 1.875 million bbl week-on-week and 759,000 bbl, or 0.7% lower than in the same week last year.

Data show propane/propylene exports last week averaged 2.134 million bpd, up 249,000 bpd week-on-week and 601,000 bpd, or 28.2%, higher than in the same week last year.

Implied demand for propane/propylene in the United States averaged 495,000 bpd, down 979,000 bpd week-on-week and 288,000 bpd, or 58.2% lower than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.809 million bpd, down 53,000 bpd week-on-week and 126,000 bpd, or 4.5% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 8.927 million bbl, up 889,000 bbl week-on-week and 940,000 bbl, or 10.5% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 27.063 million bbl, up 243,000 bbl week-on-week and 1.647 million bbl, or 6.1% lower than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 60.914 million bbl, up 754,000 bbl week-on-week and 577,000 bbl, or 0.9% 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 5.472 million bbl, down 10,000 bbl week-on-week and 628,000 bbl, or 11.5% lower than in the same week last year.