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US EIA says propylene stocks, refinery run rates fall

Houston — US stocks of propylene for non-fuel use fell 180,000 barrels in the week that ended April 13 to 2.612 million barrels, Energy Information Administration data showed Wednesday.

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Inventory levels currently are 89,000 barrels above their year-ago level, data showed.

US refinery run rates shed 0.9 percentage point to 92.40% last week, 0.5 percentage points above the year-ago week, the EIA data showed.

In the spot market, US polymer-grade propylene was assessed unchanged Wednesday at 45.25-45.75 cents/lb FD USG for April deliveries.

US spot refinery-grade propylene was also stable Wednesday at 34.5-35 cents/lb FD USG on a three- to 30-day basis.

--Nida Qureshi, nida.qureshi@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com