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EIA says US propylene stocks fall, refinery rates inch up

Houston — US stocks of propylene for non-fuel use fell 88,000 barrels to 2.873million barrels in the week ended June 8, Energy Information Administrationdata showed on Wednesday.

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Inventory levels are currently 74,000 barrels above year-ago levels, EIAdata showed.

US refinery run rates gained 0.3 percentage point to 95.7% last week, 1.3percentage points above the corresponding week in 2017.

In the spot market, US polymer-grade propylene was last assessed Tuesday at 59.75-60.25 cents/lb FD USG for June deliveries, sliding 1.25 centson the day.

US spot refinery-grade propylene was 0.25 cent lower Tuesday at44.75-45.25 cent/lb FD USG on a three- to 30-day basis.

--Catherine Wood, catherine.wood@spglobal.com

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