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US propylene inventories fall for first time in 13 weeks: EIA

Increase font size  Decrease font size Date:2017-05-26   Views:608
US stocks of propylene for non-fuel use fell last week for the first time in 13 weeks, Energy Information Administration data showed Wednesday.

Propylene inventories saw a draw of 59,000 barrels to 3.098 million barrels in the week ended May 19, the data showed.

Sources attributed the draw to an ongoing turnaround at a major propylene producer's plant.

Nationwide, refinery run rates last week rose 0.1 percentage point to 93.5%, also higher than the 89.7% rate seen last year at this time, the EIA data showed.

In the spot market, US polymer-grade propylene was assessed 1 cent higher Wednesday at 38 cents/lb FD USG for May deliveries and at 37.75 cents/lb FD USG for June deliveries. US spot refinery-grade propylene rose 1.25 cents, assessed at 25.75 cents/lb FD USG.
 
 
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