Houston — US stocks of propylene for non-fuel use rose 184,000 barrels to 2.716 million barrels in the week that ended July 20, Energy Information Administration data showed on Wednesday. Inventories totaled 106,000 barrels above year-ago levels, the EIA data showed.
US refinery run rates fell 0.5 percentage point to 93.8% in the week ended July 20, 0.5 percentage point below output in the corresponding week in 2017, the data showed.
In the spot market, US spot prompt polymer-grade propylene was assessed at 60.50-61 cents/lb FD USG Wednesday, up 2.5 cents on the day.
US spot refinery-grade propylene was assessed Wednesday at 43.75-44.25 cents/lb FD USG on a three- to 30-day basis, up 1 cent on the day.
