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EIA reports draw in US propane/propylene stocks

January 25/2021

MOSCOW (MRC) -- US propane and propylene stocks totaled 59.8 million bbl at the end of last week, down 6.2 million bbl, or 9.4%, from the previous week, reported Chemweek with reference to data from the US Energy Information Administration (EIA).

Year-on-year (YOY), stocks were down by 25.8%.

Production decreased by 45,000 b/d to 2.295 million b/d. YOY, it was up 2.6%. Propane and propylene product supplied fell by 225,000 b/d to 1.879 million b/d. YOY, it was up 28.5%.

Exports totaled 1.48 million b/d, up 133,000 b/d from the previous week. YOY, they were up 21%. Imports increased by 25,000 b/d to 174,000 b/d. YOY, they were up 13%.

Propylene is a feedstocks for producing polypropylene (PP).

As MRC informed earlier, PP exports from the US were up 4.2% year on year in the first eleven months of 2020, whereas imports were down 34% year on year over the stated period. Lower imports were mainly due to a sharp drop in imports from Brazil, which supplied large quantities of material in 2019 as a pre-sale of Braskem's new PP plant in La Porte, Texas, which was launched in 2020.

According to MRC's DataScope report, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.


mrcplast.com
Author:Margaret Volkova
Tags:PP, homopolymer PP, propylene, gas processing, petrochemistry, Braskem, Brazil, Russia, USA.
Category:General News
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