EIA: Propane/Propylene Stocks Reach 37-Week High

EIA: Propane/Propylene Stocks Reach 37-

VIENNA (DTN) — The Energy Information Administration reported on Wednesday total domestic propane/propylene stocks of 96.128 million bbl in the week ending August 29, up 3.156 million bbl week-on-week and 438,000 bbl, or 0.5% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.787 million bpd, up 55,000 bpd week-on-week and 123,000 bpd, or 6.9%, higher than in the same week last year.
Implied demand for propane/propylene in the United States averaged 706,000 bpd, down 248,000 bpd week-on-week and 23,000 bpd, or 3.3% lower than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.867 million bpd, up 32,000 bpd week-on-week and 178,000 bpd, or 6.2% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 8.686 million bbl, up 787,000 bbl week-on-week and 971,000 bbl, or 11.2% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 25.591 million bbl, up 917,000 bbl week-on-week and 371,000 bbl, or 1.4% lower than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 56.614 million bbl, up 1.136 million bbl week-on-week and 362,000 bbl, or 0.6% 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 5.236 million bbl, up 315,000 bbl week-on-week and 524,000 bbl, or 10% lower than in the same week last year.