US EIA: Propylene Stockpiles Fall On Week; Lowest In 2019

Petrotahlil :The Energy Information Administration data showed US propylene stocks fell for four times in a row to 4.085 million barrels in the week ended July 19, to the lowest level this year.

Non-fuel use propylene stocks fell 239,000 barrels from a week earlier. Last week’s stocks were still up 1.475 million barrels.

The week-on-week drop in US propylene stocks came alongside slightly lower refinery utilization rates, due to Hurricane Barry, which dropped 1.3 percent to 93.2 percent.

Propylene supply is under pressure in recent weeks due to recent turnarounds at BASF-TOTAL’s cracker and in Port Arthur, Texas, along with the temporary outage at Enterprise Products Partners’ PDH plant in Mont Belvieu.

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