According to reports, in the week ending November 20, U.S. inventories of propane and propylene fell by 300,000 barrels to 92.6 million barrels.
National inventories fell 0.4% this week, up 4.2% from 88.3 million barrels in the same period last year. The PADD1 (East Coast) region increased by 900,000 barrels to 9 million barrels, partially offsetting the decline in all other PADD regions.
PADD3 (Gulf Coast) fell 400,000 barrels to 51.8 million barrels, PADD2 (Midwest) fell 600,000 barrels to 25.8 million barrels, and PADD4 and PADD5 fell 300,000 barrels to 6 million barrels.
Propane and propylene exports increased by 99,000 barrels/day to 1.323 million barrels, and imports increased by 24,000 barrels/day to 152,000 barrels/day.
As shown by the products supplied, daily demand fell by 299,000 barrels to 1.171 million barrels. The daily net output of propane and propylene refiners and mixers increased by 15,000 barrels to 2.295 million barrels.
After the report was released, the bids and bids for Mont Belvieu TET (Lone Star) and nonTET (Enterprise) were 54.375-54.75 cents/gallon. This is not far from the 54.5-54.75 cents/gallon per level traded before the data was released.
The final price of Conway was 52.5-53 cents/gallon, while the price range before eia was 52-52.75 cents/gallon.
Source: Chemical Network
