EIA: Propane/Propylene Stocks Down 2.8% W/W

VIENNA (DTN) — The Energy Information Administration reported on Wednesday total domestic propane/propylene stocks of 100.501 million bbl in the week ending October 3, down 2.875 million bbl week-on-week and 732,000 bbl, or 0.7% higher than in the same week last year.

Data show propane/propylene exports last week averaged 1.885 million bpd, down 121,000 bpd week-on-week and 343,000 bpd, or 18.2%, higher than in the same week last year.

Implied demand for propane/propylene in the United States averaged 1.474 million bpd, up 940,000 bpd week-on-week and 478,000 bpd, or 32.4% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.862 million bpd, down 39,000 bpd week-on-week and 161,000 bpd, or 5.6% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 8.038 million bbl, down 1.009 million bbl week-on-week and 690,000 bbl, or 8.6% higher than in the same week last year.

Midwest PADD 2 inventories ended the week at 26.82 million bbl, down 503,000 bbl week-on-week and 1.466 million bbl, or 5.5% lower than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 60.16 million bbl, down 1.281 million bbl week-on-week and 2.058 million bbl, or 3.4% 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 5.482 million bbl, down 83,000 bbl week-on-week and 551,000 bbl, or 10.1% lower than in the same week last year.