MOSCOW (MRC) -- US propane and propylene stocks rose by 3.5 million bbl, to 80.3 million bbl last week, reported Chemweek with reference to the Energy Information Administration's (EIA) latest Weekly Petroleum Status Report.
An OPIS survey of analysts, traders, brokers and other market participants forecast an average propane and propylene stock build of 2.24 million bbl. Year-on-year (YOY), stocks have risen by nearly 10%.
Exports were down by 432,000 b/d to 901,000 b/d. YOY, they have fallen by 6.8%.
Imports decreased by 51,000 b/d to 58,000 b/d. YOY, they have fallen by 39.6%.
Propane and propylene product supplied rose by 266,000 n/d to 913,000 b/d. YOY, they have fallen by 27.1%.
Refiner, blender, and gas plant net production increased by 71,000 b/d to 2.26 million b/d. YOY, they have risen by 0.6%.
Stocks in Gulf Coast (PADD 3) region rose by 2.2 million bbl to 48.2 million bbl week-over-week. YOY, they have risen by 13.7%.
The Midwest (PADD 2) rose by 800,000 bbl to 20.1 million bbl. YOY, they have fallen by 11.1%. PADD 1 inventories rose by 600,000 bbl to 8.2 million bbl. YOY, they have risen by 64%. PADDs 4 and 5 inventories fell by 100,000 bbl to 3.8 million bbl. YOY, they have risen by 1.9%.
As MRC informed earlier, Dow Chemical has begun scheduled maintenance at its propane dehydrogenation (PDH)unit in Freeport, Texas. Thus, the planned turnaround at this PDH unit with the capacity of 750,000 mt/y of propylene started in the week ended July 10 and will last 45 days.
Propylene is the main feedstock for the production of polypropylene (PP).
According to MRC's ScanPlast report, PP shipments to the Russian market was 457,930 tonnes in January-May 2020 (calculated by the formula production minus export plus import). Deliveris of exclusively PP random copolymer increased.
MRC