Sector News

Weekly US propane/propylene stocks decline on rising demand, exports

June 11, 2020
Chemical Value Chain

US combined propane and propylene stocks fell unexpectedly by 1 million barrels to 66.3 million barrels during the week ended 5 June, according to the Energy Information Administration (EIA). Overall inventories were flat with prior-year levels, it says.

Demand for propane and propylene, as suggested by the product supplied category, leaped 674,000 b/d on the week to 1.263 million b/d. Exports rose slightly to 1.094 million b/d from 1.027 million b/d a week earlier, with imports also rising by 42,000 b/d to 110,000 b/d.

The bulk of the decline in stocks stemmed from the Gulf Coast (PADD 3) region, which fell by 1.4 million barrels on the week to 41.7 million barrels. East Coast (PADD 1) inventories also fell, by 100,000 barrels to 5.5 million barrels. These declines were countered by a 300,000-barrel increase in the Midwest (PADD 2) region to 15.9 million barrels, and a 100,000-barrel pickup in PADD 4 and PADD 5 to a combined 3.1 million bbl. Refiner and blender net production rose by 108,000 b/d to 2.097 million b/d.

By: Jessica Marron

Source: Chemical Week

Related News

October 24, 2020

Johnson Matthey completes new plant in China for fuel-cell components

Chemical Value Chain

LinkedIn Twitter Xing Facebook EmailJohnson Matthey plc (JM; London, U.K.) is expanding its fuel cell operations into China with a £7.5-million facility to manufacture critical components for customers in the […]

October 24, 2020

Borealis commissions naphtha-storage cavern in Finland

Chemical Value Chain

LinkedIn Twitter Xing Facebook EmailBorealis Group AG (Vienna, Austria) announced that its new naphtha cavern in Porvoo, Finland has now been safely commissioned as of October 2020. Having invested around […]

October 24, 2020

Mitsubishi Chemical names non-Japanese national as next CEO

Chemical Value Chain

LinkedIn Twitter Xing Facebook EmailMitsubishi Chemical Holdings, Japan’s largest chemical maker, has named Jean-Marc Gilson, CEO of plant-ingredients maker Roquette Frères (Lestrem, France), as its next CEO, effective 1 April […]

Send this to a friend